Used in the synthesis of pharmaceuticals, particularly as an intermediate in developing antiparasitic and antiviral agents. It serves as a building block in creating benzimidazole-based compounds known for their biological activity. Commonly applied in research for developing drugs that target gastrointestinal disorders, fungal infections, and certain types of cancer. Also utilized in the preparation of coordination compounds with metal ions for catalytic or medicinal applications. Its structure allows functionalization for tailored reactivity in drug design and heterocyclic chemistry.