This compound is primarily used in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those with potential therapeutic properties. Its structure, featuring an oxadiazole ring, is valuable in designing compounds with antimicrobial, antifungal, and anti-inflammatory activities. Additionally, it is utilized in the synthesis of heterocyclic compounds, which are important in agrochemicals and material science. Its ester functional group also makes it a versatile building block for further chemical modifications.