This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure, featuring a benzimidazole core, makes it valuable for developing drugs that target specific biological pathways, particularly in the treatment of infections and certain types of cancers. Additionally, it is employed in the creation of advanced materials, such as polymers and coatings, due to its ability to enhance stability and performance. In research, it is often used to study chemical reactions and mechanisms involving heterocyclic compounds, contributing to the development of novel therapeutic agents and industrial chemicals.