Used in organic synthesis as a building block for more complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of compounds with potential biological activity, such as inhibitors for enzymes or receptors. Additionally, it is employed in the creation of fluorescent dyes and markers for research applications, leveraging its oxazole ring structure for photophysical properties. Its derivatives are also explored in material science for designing advanced polymers and coatings.