Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the preparation of biologically active compounds targeting central nervous system disorders. Its hydroxyl and isoxazole functionalities allow for easy modification, making it valuable in medicinal chemistry for developing analogs with enhanced pharmacokinetic properties. Commonly employed in the creation of prodrugs and in structure-activity relationship (SAR) studies due to its metabolic stability and ability to improve solubility in drug candidates.