Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure supports the development of compounds with central nervous system activity. Commonly employed in medicinal chemistry for building heterocyclic frameworks due to the stability and reactivity of the isoxazole ring. Also utilized in agrochemical research for developing new pesticides and herbicides, where the ester group allows for further functionalization. Frequently appears in combinatorial chemistry and drug discovery platforms for rapid generation of compound libraries.