Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of antiviral and anticancer compounds. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for building bioactive molecules. It is also employed in agrochemical research for designing novel pesticides due to its ability to enhance compound stability and target specificity. Additionally, it serves as a building block in heterocyclic chemistry for creating complex isoxazole derivatives with potential biological activity.