Used as a key intermediate in the synthesis of fluorescent dyes and optical brighteners due to its rigid heterocyclic structure and amino group reactivity. Its conjugated system allows for strong UV absorption and visible light emission, making it valuable in developing sensors and probes for bioimaging. Also employed in pharmaceutical research for constructing benzoxazole-based compounds with potential antimicrobial and anti-inflammatory activity. The compound's ability to form stable derivatives supports its use in material science for designing luminescent polymers and organic semiconductors.