This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its structure, featuring both a cyclopropyl and an oxazole ring, makes it valuable for constructing pharmacologically active compounds, particularly in the development of drugs targeting neurological and inflammatory disorders. Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of novel pesticides and herbicides. Its ester functional group allows for further chemical modifications, enabling researchers to tailor its properties for specific applications in medicinal chemistry and material science.