Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and antibacterial agents. Its structure allows for easy functionalization, making it valuable in constructing heterocyclic compounds for drug discovery. Commonly employed in organic synthesis to introduce oxazole moieties into target molecules, enhancing biological activity and metabolic stability. Also applied in agrochemical research for developing novel pesticides due to its reactivity and ability to form complex scaffolds.