Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antibiotics and antifungal agents. Its structure serves as a building block in heterocyclic chemistry, enabling the creation of biologically active molecules. Commonly employed in the preparation of substituted isoxazoles, which show activity in central nervous system drugs and anti-inflammatory compounds. Also utilized in agrochemicals for the development of novel pesticides due to its ability to enhance metabolic stability in active ingredients.