Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of compounds with biological activity. Its structure supports the formation of heterocyclic derivatives, making it valuable in medicinal chemistry for designing new drug candidates. Also employed in the preparation of fluorescent dyes and optoelectronic materials due to the presence of the oxadiazole ring, which exhibits favorable electronic properties. Commonly utilized in research settings for constructing more complex molecules through functional group transformations.