This chemical is primarily utilized in the field of organic synthesis as a key intermediate for the development of more complex molecules. Its structure is particularly valuable in the synthesis of pharmaceutical compounds, where it serves as a building block for active pharmaceutical ingredients (APIs). Additionally, it finds application in the preparation of agrochemicals, contributing to the creation of pesticides and herbicides. The compound is also employed in research and development for the design of novel isoxazole derivatives, which are explored for their potential biological activities. Its versatility in chemical reactions makes it a useful component in the production of various specialty chemicals.