Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules. Its phenolic and oxazoline functionalities allow for versatile chemical modifications, making it valuable in creating ligands for catalysis and functional materials. It is also employed in the preparation of fluorescent dyes and sensors due to its ability to form complexes with metal ions. Its structural features support use in medicinal chemistry for designing compounds with antimicrobial or anti-inflammatory activity.