This chemical is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of various active compounds. In pharmaceuticals, it serves as a building block for the development of benzimidazole derivatives, which are known for their broad spectrum of biological activities, including antifungal, antiparasitic, and anticancer properties. It is particularly significant in the production of drugs targeting parasitic infections, such as those caused by helminths and protozoa. In agrochemicals, it is used to create compounds that act as fungicides or herbicides, helping to protect crops from fungal diseases and weed infestations. Its versatility in chemical synthesis makes it a valuable component in research and industrial applications aimed at developing new therapeutic and agricultural solutions.