Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiparasitic and antifungal agents. Its structure allows for further functionalization, making it valuable in medicinal chemistry for creating compounds with biological activity. Commonly employed in research settings to build more complex benzimidazole derivatives that exhibit potent enzyme inhibition or receptor modulation. Also utilized in the preparation of fluorescent probes and dyes due to its aromatic and electron-deficient framework.