This chemical is primarily utilized in the pharmaceutical and biomedical research fields. It serves as a key intermediate in the synthesis of various benzimidazole derivatives, which are known for their broad spectrum of biological activities. These derivatives are often explored for their potential as antimicrobial, antiviral, and anticancer agents. Additionally, it is used in the development of enzyme inhibitors, particularly those targeting specific pathways in disease mechanisms. Its role in creating compounds with therapeutic properties makes it valuable in drug discovery and development processes.