Widely used in organic electronics due to its electron-transport properties, this compound serves as a key intermediate in the synthesis of fluorescent dyes and optoelectronic materials. It is incorporated into OLEDs (organic light-emitting diodes) as a blue-emitting component or host material. Its rigid aromatic structure enhances thermal stability and quantum efficiency in devices. Additionally, it acts as a ligand in metal-organic complexes for luminescent sensors and bioimaging. In medicinal chemistry, derivatives of this scaffold show promise as antimicrobial and anticancer agents, leveraging the oxadiazole core's metabolic stability and ability to engage in hydrogen bonding.