Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure allows for selective modifications, making it valuable in creating compounds with targeted biological activity. Commonly employed in medicinal chemistry for constructing benzimidazole-based drug candidates that interact with enzymes and receptors involved in disease pathways. Also utilized in research settings to develop new agrochemicals and functional materials due to its stability and reactivity profile.