Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and analgesic drugs. It serves as a building block in heterocyclic chemistry due to its stable isoxazole ring, which is often found in bioactive molecules. Also employed in the preparation of agrochemicals and functional materials where aromatic and heterocyclic systems enhance performance. Its derivatives are explored in medicinal chemistry for potential anticonvulsant and anticancer activities.