Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of nonsteroidal anti-inflammatory drugs (NSAIDs) and other bioactive compounds. Its structure supports the construction of heterocyclic systems common in medicinal chemistry. Commonly employed in research settings for developing new drug candidates due to its reactive amino and ester functional groups, which allow for further chemical modifications. Also utilized in the preparation of agrochemicals and dyes where isoxazole derivatives are required.