This compound is primarily utilized in the field of organic synthesis as a versatile building block for the development of more complex molecules. It serves as a key intermediate in the synthesis of various heterocyclic compounds, which are important in the production of pharmaceuticals, agrochemicals, and other fine chemicals. Its oxadiazole ring structure is particularly valuable in medicinal chemistry, where it is incorporated into drug candidates to enhance their biological activity, stability, or pharmacokinetic properties. Additionally, it is employed in the creation of novel materials and as a reagent in research to explore new chemical reactions and pathways.