This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors in the body. Its structure, featuring a benzimidazole core, makes it a valuable scaffold for developing compounds with potential anti-inflammatory, anticancer, or antimicrobial properties. Researchers often explore its derivatives to optimize drug efficacy and selectivity. Additionally, it may be employed in the study of biochemical pathways, aiding in the understanding of disease mechanisms and the development of novel therapeutic agents.