This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly those targeting parasitic infections. It serves as a key intermediate in the production of anthelmintic drugs, which are essential for treating conditions caused by parasitic worms in both humans and animals. Additionally, it finds application in the development of certain antifungal medications, contributing to the treatment of fungal infections. Its role in the creation of these therapeutic agents underscores its importance in the field of medicinal chemistry. Furthermore, it is sometimes employed in research settings to study the mechanisms of action of benzimidazole derivatives, aiding in the discovery of new drugs with improved efficacy and safety profiles.