This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its structure, featuring both an imidazole ring and a phenyl group, makes it particularly valuable in the development of pharmaceuticals, especially those targeting central nervous system disorders. Additionally, it is employed in the creation of ligands for metal catalysis, which are crucial in various industrial chemical reactions. The compound's ability to act as a building block for biologically active molecules also extends its use to the research and development of new therapeutic agents, including potential treatments for cancer and infectious diseases.