Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its structure serves as a building block for more complex heterocyclic compounds. Commonly employed in research settings to develop fluorescent dyes and optical brighteners due to its ability to emit light under UV radiation. Also found in some medicinal chemistry applications where oxazole rings are needed to mimic natural product frameworks. Shows potential in the development of luminescent materials for sensors and electronic devices.