This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex chemical structures. Its oxazole and tosylate functional groups make it a valuable building block in the development of pharmaceuticals, particularly in the synthesis of bioactive molecules. The compound is often employed in cross-coupling reactions, where it acts as a precursor to generate derivatives with potential therapeutic properties. Additionally, it may be used in the research and development of new materials, including polymers and coatings, due to its reactive tosylate group, which can facilitate further chemical modifications. Its applications are largely focused on experimental and industrial chemistry, where it contributes to the creation of novel compounds with specific functionalities.