This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of more complex molecules. It is often employed in the development of pharmaceutical agents, particularly those targeting specific enzymes or receptors. Its structure, which includes a benzimidazole core, makes it valuable for creating compounds with potential therapeutic effects, such as anti-inflammatory, antiviral, or anticancer properties. Researchers also explore its use in designing drugs that modulate biological pathways, making it a key component in drug discovery and development processes.