Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of bioactive molecules and drug candidates. Its structure is valuable in medicinal chemistry for constructing heterocyclic compounds with potential anticonvulsant, anti-inflammatory, or antimicrobial activity. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to introduce the benzoisoxazole moiety into larger molecular frameworks. Also utilized in research settings for the design of novel compounds targeting central nervous system disorders due to its favorable electronic and steric properties.