This chemical is primarily used in pharmaceutical research and development as a key intermediate in the synthesis of various bioactive compounds. Its structure is particularly valuable in the creation of benzimidazole derivatives, which are known for their wide range of therapeutic applications. These derivatives are often explored for their potential as antiviral, anticancer, and antimicrobial agents. Additionally, it serves as a building block in organic synthesis, enabling the development of complex molecules for drug discovery and medicinal chemistry. Its protective tert-butyl carboxylate group allows for selective reactions, making it a versatile tool in the design and optimization of new drug candidates.