Used as a key intermediate in the synthesis of antiparasitic and antiviral agents, particularly in the development of benzimidazole-class pharmaceuticals. Exhibits biological activity against protozoal and helminthic infections due to its ability to interfere with tubulin polymerization in pathogens. Also investigated for its potential in treating certain cancers, as it can inhibit specific kinase enzymes involved in tumor growth. Commonly employed in medicinal chemistry research for structure-activity relationship (SAR) studies to optimize drug candidates targeting central nervous system disorders and inflammatory diseases.