Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It plays a significant role in the preparation of oxazole-based compounds, which are known for their biological activities, including antimicrobial, antiviral, and anticancer properties. Additionally, it is utilized in organic synthesis for constructing complex molecules in medicinal chemistry research. Its application extends to the development of agrochemicals and fine chemicals, where it serves as a versatile building block for creating functionalized oxazole derivatives.