This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring a 1,2,4-oxadiazole ring, is often incorporated into compounds designed for pharmaceutical applications, particularly in the development of drugs targeting neurological disorders or inflammatory conditions. The presence of both chloro and fluoro substituents enhances its reactivity and binding affinity, making it a valuable building block for creating potential therapeutic agents. Additionally, it is explored in agrochemical research for the development of novel pesticides or herbicides due to its potential to interact with specific biological targets in pests or weeds. Its versatility in chemical synthesis also makes it useful in material science for creating specialized polymers or coatings with unique properties.