This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its structure, featuring a benzimidazole moiety, makes it valuable in the development of potential therapeutic agents, including inhibitors for certain proteins or pathways involved in diseases. Additionally, it is used in the preparation of compounds with potential antimicrobial, antiviral, or anticancer properties. Researchers also explore its role in creating ligands for biochemical studies, aiding in the understanding of molecular interactions and drug design.