Used as an intermediate in organic synthesis, particularly in the preparation of bioactive molecules and pharmaceuticals. It serves as a building block in the formation of benzoxazole and benzimidazole derivatives, which are common scaffolds in drug discovery. Its structure allows for efficient cyclization reactions, making it valuable in the development of kinase inhibitors and antimicrobial agents. Also utilized in peptide coupling strategies due to the presence of both amine and amide functionalities, enabling selective modifications in complex molecule assembly.