Isoxazol-5-ylmethanol finds applications primarily in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the production of various biologically active compounds, including potential drug candidates. Its structure is often utilized in the development of antimicrobial and antifungal agents due to the isoxazole ring's ability to interact with biological targets. Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. The compound's versatility also extends to material science, where it is used in the preparation of specialized polymers and coatings.