This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring a benzimidazole ring, makes it valuable in the development of drugs targeting specific enzymes or receptors. It is often employed in the creation of antiviral, antifungal, and anticancer agents due to its ability to interact with biological targets effectively. Additionally, its chiral nature allows for the production of enantiomerically pure compounds, which is crucial in designing drugs with higher efficacy and reduced side effects. Researchers also explore its potential in developing novel therapeutic agents for treating infections and other diseases.