Used as a key intermediate in the synthesis of various organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It plays a role in the creation of heterocyclic compounds, which are essential in drug discovery for their biological activity. Additionally, it is utilized in the production of fluorescent dyes and sensors due to its benzo[d]oxazole moiety, which exhibits unique photophysical properties. Its application extends to material science, where it contributes to the development of advanced organic materials with specific electronic or optical characteristics.