This compound is primarily utilized in organic synthesis as a versatile intermediate for the development of more complex chemical structures. Its reactive bromoacetyl group allows for efficient functionalization, making it valuable in the preparation of pharmaceuticals and agrochemicals. It is often employed in the synthesis of heterocyclic compounds, which are crucial in drug discovery due to their biological activity. Additionally, its isoxazole ring serves as a key scaffold in designing molecules with potential therapeutic applications, such as anti-inflammatory, antimicrobial, or anticancer agents. Researchers also explore its use in material science for creating specialized polymers or coatings with unique properties.