Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with antimicrobial or anti-inflammatory properties. Its oxazoline and phenolic functional groups enable coordination with metal ions, making it useful in catalysis, especially in asymmetric synthesis. Also employed in the preparation of specialty polymers and ligands for transition metal-catalyzed reactions. Its structural motif appears in compounds studied for optical and electronic applications due to its ability to form stable complexes and exhibit fluorescence.