Used in pharmaceutical research as a key intermediate in the synthesis of bioactive molecules, particularly in developing compounds with potential antiparasitic and antiviral properties. Its structure supports the design of inhibitors targeting specific enzymes in pathogenic organisms. Also explored in the development of novel benzimidazole-based derivatives for therapeutic applications, including anti-inflammatory and anticancer agents. The hydroxyl group allows for further chemical modifications, making it valuable in medicinal chemistry for creating diverse compound libraries.