Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building more complex drug candidates. It is also employed in agrochemical research for designing new pesticides and herbicides due to its stability and reactivity profile. The compound's isoxazole core is often targeted in heterocyclic chemistry for creating libraries of compounds in high-throughput screening.