Used in organic synthesis as an intermediate for pharmaceuticals and agrochemicals. Serves as a building block in the preparation of bioactive molecules due to the presence of the bromine atom, which allows for cross-coupling reactions such as Suzuki or Heck reactions. Employed in the development of fluorescent dyes and optical materials because of its benzoxazole core, which exhibits favorable photophysical properties. Also investigated for use in medicinal chemistry, particularly in the design of compounds with antimicrobial or antitumor activity.