Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. It serves as a building block for ligands targeting neurotransmitter receptors due to the presence of the methoxyphenyl and isoxazole moieties, which are known for their biological activity. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug candidates. Also utilized in the preparation of selective enzyme inhibitors and receptor modulators in research settings. Its ester functionality allows for easy modification, making it valuable in combinatorial chemistry and high-throughput screening campaigns.