This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various heterocyclic compounds. Its structure, featuring both an amino group and a benzoxazole moiety, makes it particularly valuable in the development of fluorescent dyes and markers. These dyes are widely applied in biological imaging and diagnostics, enabling researchers to track and visualize cellular processes with high precision.

Additionally, it finds application in the synthesis of organic electronic materials. Its ability to form stable, conjugated systems makes it suitable for use in the development of organic semiconductors, which are essential components in devices like organic light-emitting diodes (OLEDs) and organic photovoltaic cells. The compound's unique electronic properties contribute to enhancing the efficiency and performance of these devices.

In the pharmaceutical industry, it is explored as a building block for the synthesis of potential drug candidates. Its structural features allow for the creation of molecules with potential biological activity, particularly in the development of compounds targeting specific enzymes or receptors. This makes it a valuable tool in medicinal chemistry for the discovery and optimization of new therapeutic agents.