This compound is primarily utilized in the field of organic synthesis as a versatile intermediate. It serves as a key building block in the preparation of various heterocyclic compounds, which are essential in the development of pharmaceuticals and agrochemicals. Its oxadiazole ring structure is particularly valuable in designing molecules with potential biological activity, such as antimicrobial, antifungal, and anti-inflammatory agents. Additionally, it is employed in research settings to study chemical reactions and mechanisms involving nitrogen and oxygen-containing heterocycles, contributing to advancements in medicinal chemistry and material science.