This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the development of more complex chemical structures. Its oxadiazole ring is particularly valuable in medicinal chemistry, as it is often incorporated into molecules designed for pharmaceutical applications. Researchers leverage its unique chemical properties to create compounds with potential biological activity, such as antimicrobial, anti-inflammatory, or anticancer agents. Additionally, it is used in the synthesis of agrochemicals, where it contributes to the development of pesticides or herbicides. Its ester functional group also makes it a useful precursor for further chemical modifications, enabling the creation of diverse derivatives for various industrial and research purposes.