This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of benzimidazole derivatives, which are known for their broad spectrum of biological activities. These derivatives are often explored for their potential therapeutic applications, including antimicrobial, antiviral, and anticancer properties. The compound’s structural features make it a valuable building block in medicinal chemistry, particularly in the design and optimization of drug candidates targeting specific biological pathways. Additionally, it may be used in research settings to study the structure-activity relationships of benzimidazole-based compounds, aiding in the discovery of new drugs with improved efficacy and safety profiles.