This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research due to its structural similarity to benzimidazole derivatives, which are known for their biological activity. It serves as a key intermediate in the synthesis of various pharmacologically active molecules, particularly those targeting enzymes or receptors involved in diseases. Its benzimidazole core is often incorporated into compounds with potential anticancer, antimicrobial, or anti-inflammatory properties. Additionally, it is explored in the development of small-molecule inhibitors for therapeutic applications. Researchers also investigate its use in organic synthesis for creating complex heterocyclic compounds with diverse biological activities.