The oxazole class of organic compounds exhibits remarkable versatility, offering applications across a wide array of scientific and technological domains. In this current investigation we designed eight different derivatives of the benzo[
d]oxazole (BOZ) class with different donor and acceptor groups substitutions named
BOZ-1 to
BOZ-8. Density functional theory (DFT) calculations are conducted, employing the M06/6-311G* level of study to determine the linear polarizability (α) and third-order NLO polarizability (<γ>) of the system. For
BOZ-5, the isotropic linear polarizability (α
iso) and anisotropic linear polarizability (α
aniso) are calculated to be 90.52 × 10
−24 esu and 147.4 × 10
−24 esu respectively. Comparative analysis shows that
BOZ-5 exhibits the highest value of <γ > amplitude, calculated to be 2844 × 10
−36 esu. This increase in <γ > amplitude in
BOZ-5 is due to the strategic placement of (
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N(CH
3)
2) groups in the molecule and D-π-D configuration, which leads to maximum delocalization of electrons within the molecule. To study the influence of solvents on α and < γ>, advanced computational approaches such as polarizable continuum model (PCM) and the conductor-like screening model (COSMO) are employed to simulate both polar and non-polar solvent environments. When modeled in the COSMO-CH
3OH environment, the α
iso and < γ > amplitudes of
BOZ-5 show values of 116.3 × 10
−24 esu and 5575 × 10
−36 esu, respectively, reflecting a notable ∼2-fold increase in <γ > amplitudes compared to their gas-phase counterparts. Furthermore, we performed dynamic <γ > response calculations to investigate the phenomenon of resonance enhancement using the dc-Kerr Effect and Electric Field-Induced Second Harmonic Generation (EFISHG) techniques. Time-dependent DFT calculations revealed that
BOZ-5 exhibits the highest <γ > amplitude (2844 × 10
−36 esu) and the lowest transition energy (3.02 eV) for the HOMO-LUMO transition among all compounds. A reduced orbital energy gap of 3.11 eV, along with electron density difference maps, molecular electrostatic potential diagrams, and density of state analysis, further supports that
BOZ-5 exhibits the strongest intramolecular charge transfer (ICT) properties among all the designed compounds. In the assessment of photovoltaic parameters, it becomes evident that
BOZ-5 stands out with the highest open circuit voltage (V
oc) value recorded at 1.65, alongside the lowest ΔG
reg value of 0.67 eV.