Used as an intermediate in pharmaceutical synthesis, particularly in the development of bioactive compounds with potential antifungal and anticancer properties. It serves as a building block in the preparation of ligands for metal-catalyzed reactions, enhancing efficiency in asymmetric synthesis. Also employed in the design of receptor modulators due to its structural similarity to benzimidazole-based drugs. Its derivatives are investigated for use in medicinal chemistry for treating parasitic infections and inflammatory conditions.