Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of antifungal and antimicrobial agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building more complex bioactive molecules. Commonly employed in cross-coupling reactions and nucleophilic substitutions to introduce the furan-isoxazole scaffold into target compounds. Also utilized in agrochemical research for designing novel pesticides due to its reactivity and ability to interact with biological targets.