This compound is primarily utilized in the field of medicinal chemistry and pharmacology, where it serves as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring a benzimidazole core, is particularly significant in the development of compounds targeting specific receptors or enzymes in the body. Researchers often employ it in the creation of potential therapeutic agents for neurological disorders, as the piperidine moiety can enhance binding affinity to central nervous system targets. Additionally, its dihydrochloride form improves solubility, making it more suitable for use in experimental formulations and drug delivery systems. The compound's versatility also extends to its role in the study of enzyme inhibition, particularly in the context of drug discovery and development.