Used in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of active ingredients for drugs targeting various diseases, including cancer and infectious conditions. Its oxazole ring structure is valuable in creating molecules with enhanced biological activity. Additionally, it is employed in material science for designing organic electronic materials, such as semiconductors and light-emitting diodes (LEDs), due to its conjugated system. Its applications also extend to research and development in organic chemistry, where it is utilized to study reaction mechanisms and develop new synthetic methodologies.