Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of heterocyclic compounds with biological activity. Its reactive trichloromethyl and hydroxyl groups allow for further functionalization, making it valuable in building complex molecules. Commonly employed in the preparation of insecticides and fungicides due to its ability to enhance stability and bioavailability in active ingredients. Also utilized in research for developing novel isoxazole-based compounds with potential antimicrobial and anti-inflammatory properties.