Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiparasitic and antiviral agents. Its structure allows for selective modifications, making it valuable in creating active ingredients in medicinal chemistry. Also employed in research for designing new bioactive molecules due to its ability to interact with biological targets such as enzymes and receptors. Commonly utilized in the preparation of benzimidazole-derived compounds known for their antimicrobial and anticancer properties.