In the Electron Transport System (ETS), oxygen (\( \mathrm{O_2} \)) serves as the final electron acceptor. The process is as follows:
Electrons are transferred through a series of complexes in the inner mitochondrial membrane.
At the end of the chain, electrons combine with \( \mathrm{O_2} \) and protons (\( \mathrm{H^+} \)) to form water (\( \mathrm{H_2O} \)).
This reaction maintains the proton gradient essential for ATP synthesis.
Thus, oxygen is crucial for the efficient production of ATP in aerobic respiration.