Used primarily in organic synthesis, it serves as a key intermediate for the preparation of various heterocyclic compounds. It is particularly valuable in the synthesis of benzimidazole derivatives, which have applications in pharmaceuticals, including antifungal and antiviral agents. Additionally, it is employed in the development of agrochemicals, such as pesticides and herbicides, due to its reactivity and ability to form stable intermediates. Its role in the production of dyes and pigments is also notable, contributing to the creation of colorants for textiles and industrial materials.