Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of biologically active compounds such as nootropic agents and cognitive enhancers. Its structure serves as a building block for heterocyclic compounds that exhibit neuroprotective properties. Commonly employed in medicinal chemistry for constructing isoxazole-based scaffolds, which are found in drugs targeting central nervous system disorders. Also utilized in research settings for the preparation of novel derivatives with potential therapeutic activity.