This chemical is primarily utilized in the synthesis of heterocyclic compounds, which are valuable in pharmaceutical research and development. It serves as a key intermediate in the creation of bioactive molecules, particularly those targeting neurological disorders and cancer. Its oxadiazole ring structure is significant in designing drugs with enhanced stability and efficacy. Additionally, it is employed in the development of agrochemicals, contributing to the creation of novel pesticides and herbicides. Its versatility in organic synthesis makes it a valuable tool in medicinal chemistry and material science.