Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of antiviral and anticancer agents. Its structure allows for selective derivatization, making it valuable in medicinal chemistry for designing inhibitors targeting specific enzymes involved in disease pathways. Commonly employed in the preparation of kinase inhibitors and compounds with antimicrobial activity. Also utilized in research settings to develop new benzimidazole-based drugs due to its favorable reactivity and functional group compatibility.