Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules. Its reactive bromomethyl group allows for easy alkylation and coupling reactions, making it valuable in constructing heterocyclic compounds. Commonly employed in medicinal chemistry for modifying molecular frameworks to enhance potency or pharmacokinetic properties. Also utilized in the preparation of enzyme inhibitors and receptor ligands due to the stability and polarity imparted by the oxadiazole ring.