This compound is primarily utilized in the field of organic synthesis as a versatile intermediate. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that require complex isoxazole structures. Its nitro and ester functional groups make it a valuable building block for creating heterocyclic compounds, which are essential in drug discovery and development. Additionally, it finds application in the research and development of agrochemicals, where it contributes to the synthesis of novel pesticides or herbicides. Its reactivity and structural properties also make it useful in material science for designing advanced functional materials.