Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of benzimidazole-derived drugs with antiparasitic, antiviral, or antifungal properties. Its structure supports the development of compounds that inhibit specific enzymes in pathogens. Also investigated for use in corrosion inhibitors due to its ability to form protective complexes with metal surfaces. Employed in research settings to develop new bioactive molecules and in the formulation of specialty chemicals for agrochemical applications.