Used in the synthesis of pharmaceutical intermediates, particularly in antitubercular and antimicrobial agents due to the presence of the oxadiazole ring, which is known for its bioactivity. Also employed in the development of fluorescent probes and sensors because of its ability to exhibit photoluminescent properties. Acts as a building block in the preparation of liquid crystals and organic semiconductors, where it contributes to electron-transport characteristics. Its phenolic group allows for easy functionalization, making it useful in polymer chemistry for creating specialty resins with enhanced thermal and oxidative stability.