This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the synthesis of benzimidazole derivatives. These derivatives are often explored for their potential therapeutic properties, including antimicrobial, antiviral, and anticancer activities. Additionally, its nitro and chloro functional groups make it a versatile building block for constructing complex chemical structures in medicinal chemistry. It is also employed in the study of enzyme inhibition and receptor binding mechanisms, aiding in the discovery of new drug candidates.