This compound is primarily utilized in organic synthesis as a versatile intermediate for the development of various pharmaceuticals and agrochemicals. Its isoxazole ring structure makes it a valuable building block in the design of bioactive molecules, particularly in the synthesis of compounds with potential anti-inflammatory, antimicrobial, or antiviral properties. Additionally, it is employed in the preparation of heterocyclic compounds, which are often explored for their therapeutic applications. Its ester functional group allows for further chemical modifications, enabling the creation of diverse derivatives for research and industrial purposes.