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 core, makes it valuable for developing compounds with potential therapeutic applications, such as anti-inflammatory, antiviral, or anticancer agents. Researchers often modify its functional groups to optimize drug-like properties, including bioavailability and target specificity. Additionally, it may be employed in the development of small-molecule inhibitors for studying cellular pathways or as a building block in the creation of novel drug candidates.