This compound is primarily utilized in pharmaceutical research and development due to its potential as a building block for synthesizing various biologically active molecules. Its structure, featuring a benzimidazole core, makes it valuable in the design of drugs targeting specific enzymes or receptors, particularly in the treatment of infections, cancer, and inflammatory diseases. Additionally, it serves as an intermediate in organic synthesis, aiding in the creation of complex chemical entities for further study or therapeutic use. Its hydrochloride form enhances solubility, making it more suitable for experimental and formulation purposes.