Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anticonvulsant and anti-inflammatory agents. Its structure supports the construction of heterocyclic compounds that are active in central nervous system therapies. Commonly employed in medicinal chemistry for building blocks in drug design due to the reactivity of the ester group and the stability of the isoxazole ring. Also utilized in agrochemical research for the development of bioactive molecules with pesticidal or fungicidal properties.