Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the preparation of bioactive molecules containing isoxazole rings. Its reactive bromomethyl group allows for easy alkylation or coupling reactions, making it valuable in medicinal chemistry for building complex heterocyclic compounds. Commonly employed in the development of antifungal, antibacterial, and anti-inflammatory agents. Also utilized in research for labeling and derivatization in biochemical assays.