Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antimicrobial and anti-inflammatory agents. Its structure supports the construction of heterocyclic compounds that are active in biological systems. Commonly employed in medicinal chemistry for building blocks in drug design, especially in the creation of oxazole-based derivatives with potential therapeutic activity. Also utilized in agrochemical research for the development of novel pesticides due to its reactivity and ability to form complex molecules.