This compound is primarily utilized in the development of pharmaceutical agents, particularly those targeting enzyme inhibition. Its structure, featuring an imidazole moiety, makes it a valuable intermediate in synthesizing drugs that interact with biological systems, such as antihypertensive or antifungal medications. The presence of the benzoic acid group enhances its ability to bind to specific protein targets, making it useful in designing molecules with improved bioavailability and therapeutic efficacy. Researchers also explore its potential in creating novel compounds for treating inflammatory conditions or metabolic disorders due to its unique chemical properties.