Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the creation of benzimidazole derivatives, which are known for their potential therapeutic applications, including anticancer, antifungal, and antiviral agents. Additionally, it finds utility in the preparation of organic materials and dyes due to its reactive nitrile and chloro functional groups, which facilitate further chemical modifications. Its role in medicinal chemistry is significant, as it contributes to the development of novel drug candidates targeting specific biological pathways.