Used in pharmaceutical synthesis as a key intermediate for developing biologically active compounds, particularly in the production of kinase inhibitors and antiviral agents. Its oxazole core with carboxylic acid functionality allows for easy derivatization, making it valuable in medicinal chemistry for constructing drug candidates. Commonly employed in coupling reactions to form amides or esters aimed at enhancing target selectivity and metabolic stability in new drug entities. Also explored in agrochemical research for designing novel pesticides due to its structural similarity to natural heterocyclic metabolites.