Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of neuroactive agents and central nervous system modulators. Its structure allows for selective derivatization, making it valuable in medicinal chemistry for creating analogs with enhanced biological activity. Commonly employed in the preparation of GABA receptor ligands and experimental treatments for neurological disorders. Also utilized in research settings to develop novel isoxazole-based bioactive molecules with potential anticonvulsant or anxiolytic properties.