Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of heterocyclic systems and nitrogen-containing compounds. It is involved in cyclization reactions to form isoxazoles and other bioactive ring structures. Due to its ability to act as a nitrone precursor, it participates in 1,3-dipolar cycloadditions, which are valuable in pharmaceutical and agrochemical research for building complex molecules. Its reactivity with alkenes and alkynes allows for the efficient construction of carbon–carbon and carbon–heteroatom bonds. Additionally, it has been explored in the development of functional materials and as a building block in medicinal chemistry for designing enzyme inhibitors.