This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and biologically active molecules. Its benzimidazole core structure is particularly valuable in the development of drugs targeting specific enzymes or receptors, such as antiviral, antifungal, and anticancer agents. Additionally, it is employed in the synthesis of heterocyclic compounds, which are often explored for their potential therapeutic properties. Researchers also use it in the design of novel materials, including organic semiconductors and ligands for metal coordination chemistry, due to its ability to form stable complexes and its electronic properties.