Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic acetylcholine receptor modulators. It serves as a building block in medicinal chemistry for compounds targeting neurological disorders such as Alzheimer's and schizophrenia. Its oxazole ring enhances metabolic stability and bioavailability in drug candidates. Also employed in agrochemicals to improve the efficacy of certain pesticides due to its ability to enhance binding affinity to biological targets.