Used primarily in organic synthesis, this compound serves as a key reagent in the formation of carbon-carbon and carbon-heteroatom bonds. It is particularly valuable in Stille coupling reactions, where it facilitates the cross-coupling of organostannanes with organic halides or pseudohalides to construct complex molecules. This makes it essential in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its oxazole moiety is often leveraged in the development of bioactive compounds, including antimicrobial and anticancer agents. Its role in synthesizing heterocyclic compounds further enhances its utility in drug discovery and material science.