Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Exhibits utility in medicinal chemistry for constructing benzoxazole-based scaffolds known for their biological activity, including potential anticonvulsant and neuroprotective properties. Also employed in research settings to design novel heterocyclic compounds for drug discovery, especially targeting neurological disorders. Its structure allows for easy functionalization, making it valuable in creating compound libraries for screening against various biological targets.