The present invention provides a
oxazole compound represented by Formula (1), or a salt thereof:wherein R1 is an
aryl group which may have one or more substituents; R2 is an
aryl group or a
nitrogen atom-containing heterocyclic group each of which may have one or more substituents; and W is a
divalent group represented by —Y1-A1- or —Y2—C(═O)— wherein Y1 is a group such as —C(═O)—, A1 is a group such as a lower alkylene group, and Y2 is a group such as a piperazinediyl group. The
oxazole compound has a specific inhibitory action against
phosphodiesterase 4.