This chemical is primarily utilized in organic synthesis as a versatile reagent for introducing the benzo[d]oxazole moiety into various molecular structures. Its trifluoromethanesulfonate group acts as an excellent leaving group, facilitating efficient coupling reactions, particularly in cross-coupling processes such as Suzuki or Sonogashira reactions. It is also employed in the development of pharmaceuticals and agrochemicals, where the benzo[d]oxazole scaffold is valued for its biological activity. Additionally, it serves as a key intermediate in the synthesis of complex organic compounds, including heterocyclic frameworks, which are essential in material science and medicinal chemistry research.