This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of benzimidazole derivatives. These derivatives are known for their broad-spectrum biological activities, including antifungal, antiviral, and anticancer properties. It serves as a key intermediate in the production of drugs targeting various diseases, such as infections and certain types of cancer. Additionally, it is employed in research and development to create new therapeutic agents, leveraging its structural framework to enhance drug efficacy and specificity. Its role in organic synthesis also extends to the preparation of complex molecules for material science applications.