Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for building complex heterocyclic systems. Commonly employed in cross-coupling reactions, such as Suzuki and Heck reactions, to introduce the isoxazole moiety into larger bioactive molecules. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its stability and reactivity profile.