This chemical is primarily utilized in the synthesis of various pharmaceutical compounds and bioactive molecules. Its structure, featuring both an oxadiazole ring and a phenol group, makes it a valuable intermediate in the development of drugs targeting inflammation, infections, and certain chronic diseases. It is also employed in organic chemistry research for the creation of novel heterocyclic compounds, which are often explored for their potential therapeutic properties. Additionally, its chloromethyl group allows for further functionalization, enabling the design of more complex molecules with specific biological activities.