Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with potential antimicrobial, anti-inflammatory, or antitumor properties. Its structure serves as a building block in heterocyclic chemistry, enabling the creation of more complex benzoxazole derivatives. It is also employed in research for designing fluorescent probes and optoelectronic materials due to the inherent photophysical properties of the benzoxazole core. Additionally, derivatives of this compound are explored in medicinal chemistry for their enzyme inhibitory activities.