Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form stable heterocyclic structures that interact with biological targets. Commonly employed in the preparation of pyridine- and isoxazole-based drug candidates, it enhances binding affinity and selectivity toward specific enzymes and receptors. Also utilized in agrochemical research for designing novel pesticides with improved efficacy and environmental profiles. Its carboxylic acid functionality allows for easy derivatization, enabling the creation of amides, esters, and other functional groups important in structure-activity relationship studies.