Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of neuroactive agents. Its structure supports the creation of complex heterocyclic systems found in central nervous system (CNS) drugs. Commonly employed in medicinal chemistry for constructing pyrroloisoxazole scaffolds, which show potential in modulating biological targets such as ion channels and neurotransmitter receptors. Also utilized in research settings for structure-activity relationship (SAR) studies to optimize drug candidates.