Used as an intermediate in the synthesis of pharmaceutical compounds, particularly those targeting therapeutic areas such as anti-inflammatory, antiviral, and anticancer agents. It plays a crucial role in the development of benzimidazole derivatives, which are known for their biological activity. Additionally, it is utilized in research for designing and optimizing drug molecules due to its structural properties, which allow for effective binding to biological targets. Its applications also extend to material science, where it contributes to the creation of specialized organic materials with potential use in electronics or coatings.