Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting anti-inflammatory and antiviral applications. Its structure is valuable in developing benzimidazole derivatives, which are known for their biological activity. Additionally, it finds use in organic synthesis for constructing complex molecules due to its reactive carboxylic acid group. In material science, it contributes to the development of coordination polymers and metal-organic frameworks (MOFs) due to its ability to act as a ligand. Its hydrate form ensures stability and ease of handling in industrial and laboratory settings.