This compound is primarily utilized in the pharmaceutical industry as a chiral building block for the synthesis of various biologically active molecules. Its benzimidazole moiety and chiral center make it valuable in the development of drugs targeting specific enzymatic pathways or receptors. It is often employed in the preparation of antiviral, antifungal, or anticancer agents, where its structural features enhance binding affinity and selectivity. Additionally, its hydrochloride form improves solubility, making it suitable for formulation in medicinal chemistry research and drug development processes.