This compound is primarily utilized in the pharmaceutical and chemical research industries due to its structural properties. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting therapeutic applications. Its benzimidazole core is often incorporated into drugs designed for anti-inflammatory, antiviral, and anticancer activities. Additionally, it is employed in the development of dyes and pigments, leveraging its aromatic and heterocyclic structure to produce stable and vibrant colors. In research, it is used to study molecular interactions and develop new compounds with potential pharmacological benefits.