Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting specific enzyme pathways, where its benzimidazole core structure plays a crucial role in binding and inhibition. Additionally, it finds application in the production of organic compounds with potential anti-inflammatory, antiviral, or anticancer properties. Its carboxylic acid group allows for further functionalization, making it versatile in medicinal chemistry research. The compound is also explored in material science for creating polymers with unique properties, such as enhanced thermal stability or conductivity.