Yes I was aware of these facts beforehand. By the way, oxygen is not an energy source itself but is essential for the extraction of energy from organic molecules during aerobic respiration. And by implying that 'this mass extinction lead to all complex life on earth' is simply wrong because it alone was not the sole reason. More accurately it can be said that the rise in oxygen levels combined with mass extinction created the conditions necessary for the evolution of complex life on Earth.
I got mixed up and made a silly mistake that slipped out of my notice until you've pointed it out.
The correct that I wanted and should have written is:
"but eventually life found a way to utilize oxygen for metabolism through cellular respiration although not always exclusively"
But after a little reflection, I realised that the above statment would still be an incorrect one. As you mentioned, a lot of organisms died in the process because oxygen was poisonous to them but life didn't instantly evolved to be able to tolerate oxygen and perform aerobic respiration. Some microorganisms (likely ancestors of modern aerobic organisms) already had the biochemical machinery to use oxygen, but most likely this was initially just a minor adaptation. As natural selection goes, when oxygen levels rose dramatically, those organisms that could tolerate or even use oxygen for energy had a significant survival advantage. Since aerobic respiration is far more efficient at generating energy than anaerobic processes, this ability became more widespread and refined through evolutionary processes and is now a dominant metabolic pathway for many organisms. Even cyanobacteria, the main contributors of the oxygen uprise, was one of the earliest organisms that could perform aerobic respiration so that it could metabolize even in the absence sunlight and thrive in the oxygen-rich environment.