This compound is primarily utilized in the development of antiviral medications, particularly for treating viral infections such as hepatitis C. Its mechanism involves inhibiting the replication of viral RNA, making it effective in reducing viral load in patients. Additionally, it is studied for its potential use in cancer therapy, where it may interfere with the growth of certain cancer cells by disrupting their nucleic acid synthesis. Researchers also explore its application in targeted drug delivery systems to enhance the efficacy and reduce the side effects of therapeutic agents.