This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various heterocyclic compounds. Its benzo[d]oxazole structure makes it valuable for creating molecules with potential applications in pharmaceuticals, particularly in the development of drugs targeting neurological disorders and cancer. Additionally, it is employed in the synthesis of fluorescent dyes and optical brighteners, which are used in industries such as textiles, paper, and plastics to enhance visual appearance. Its role in material science is also notable, as it contributes to the development of advanced materials with specific electronic or photophysical properties.