This compound is primarily utilized in the development of pharmaceutical agents due to its structural properties, which make it a valuable intermediate in the synthesis of various drugs. It is often incorporated into molecules designed to target specific biological pathways, particularly in the treatment of neurological disorders and conditions related to oxidative stress. Additionally, its benzimidazole core is known for its role in creating compounds with antimicrobial and antifungal activities, making it significant in the formulation of medications aimed at combating infections. Researchers also explore its potential in designing novel therapeutic agents for cancer treatment, leveraging its ability to interact with cellular mechanisms.