Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiparasitic and antifungal agents. Its structure supports the formation of bioactive molecules due to the presence of reactive functional groups. Commonly employed in research settings for designing novel heterocyclic compounds with potential therapeutic activity. Also utilized in the preparation of ligands for metal-catalyzed reactions, aiding in asymmetric synthesis. Shows utility in medicinal chemistry for structure-activity relationship (SAR) studies involving benzimidazole derivatives.