Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of bioactive molecules and heterocyclic compounds. Its structure supports the formation of more complex oxazole derivatives, which are found in antimicrobial, anti-inflammatory, and antitumor agents. Also employed in agrochemicals for the design of novel pesticides and herbicides due to its ability to enhance molecular stability and reactivity. Commonly utilized in research settings for building blocks in organic synthesis, especially in medicinal chemistry for drug discovery.