Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and antiviral agents. Its functionalized isoxazole ring combined with the cyclopropyl group enhances binding selectivity and metabolic stability in drug candidates. The hydroxymethyl group allows for further derivatization, making it valuable in medicinal chemistry for constructing more complex molecules. Commonly employed in research settings for designing bioactive molecules and optimizing lead compounds in drug discovery programs.