This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting therapeutic areas such as oncology and infectious diseases. It serves as a key intermediate in the production of benzimidazole derivatives, which are known for their broad biological activities, including anti-cancer, anti-viral, and anti-parasitic properties. Additionally, it is employed in the development of small molecule inhibitors that modulate specific enzymes or receptors, contributing to drug discovery and medicinal chemistry research. Its structural features make it valuable for creating compounds with enhanced efficacy and selectivity in biological systems.