Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and anti-inflammatory agents. Its structure supports derivatization for targeted drug design, especially in oncology research. Also employed in organic synthesis to build complex heterocyclic systems due to the reactivity of the isoxazole ring and ester functionality. The nitro group allows further transformation, such as reduction to an amine, enabling conjugation or incorporation into larger bioactive molecules.