Used in pharmaceutical synthesis as an intermediate for bioactive compounds, particularly in the development of drugs with anti-inflammatory, analgesic, antimicrobial, and antioxidant properties. Commonly utilized as a starting material for lead compounds in new drug development due to the ester group, which can be easily converted to carboxylic acid or other derivatives to adjust chemical and biological properties as needed. Also employed in the preparation of fluorescent probes owing to the benzoxazole moiety, which enhances photostability and emission intensity. Utilized in organic electronics for constructing light-emitting materials. Serves as a building block in the synthesis of agrochemicals and functional dyes.