Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure supports the formation of bioactive molecules due to the presence of both cyanomethyl and hydroxybenzimidazole functional groups. Commonly employed in research settings to design compounds with enzyme inhibitory activity. Also utilized in the preparation of fluorescent probes for biochemical assays, leveraging its ability to participate in hydrogen bonding and aromatic interactions. Shows potential in materials science for developing heterocyclic polymers with thermal stability.