Used in pharmaceutical research as a key intermediate in the synthesis of antiparasitic and antiviral agents. Shows potential in developing drugs targeting helminthic infections due to its structural similarity to benzimidazole anthelmintics like albendazole and mebendazole. Also investigated for its enzyme inhibition properties, particularly against kinases and proteases, making it relevant in oncology and antiviral drug development. Its phenoxy acetamide backbone enhances cell permeability, improving bioavailability in experimental therapeutics. Employed in structure-activity relationship (SAR) studies to optimize potency and selectivity in drug candidates.