Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and anti-inflammatory compounds. Its structure supports the construction of more complex heterocyclic systems found in bioactive molecules. Commonly employed in medicinal chemistry for building blocks in drug discovery programs, especially where isoxazole rings are needed for target activity. Also utilized in agrochemical research for designing novel pesticides and plant growth regulators due to its stability and reactivity profile.