Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of bioactive molecules. Its oxadiazole ring structure is particularly valuable in developing drugs with potential anti-inflammatory, antimicrobial, and anticancer properties. Additionally, it is explored in the design of enzyme inhibitors and receptor modulators due to its ability to interact with biological targets. In material science, it contributes to the development of organic electronic materials, leveraging its conjugated system for enhanced conductivity and stability.