This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of benzimidazole derivatives, which are known for their applications in antifungal, antiviral, and anticancer therapies. Additionally, it is employed in the development of inhibitors targeting specific enzymes or proteins involved in disease pathways. Its role in medicinal chemistry makes it valuable for research and drug discovery efforts, particularly in the design of molecules with enhanced biological activity and selectivity.