Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of bioactive molecules with antimicrobial and anti-inflammatory properties. Its structure enables functionalization for creating oxazole-based compounds, which are common in medicinal chemistry. It is also employed in agrochemical research for designing novel pesticides and herbicides due to its ability to enhance metabolic stability and bioavailability in active ingredients. The ester and chloro groups allow for further chemical modifications, making it valuable in combinatorial chemistry and drug discovery.