This chemical is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of antiviral drugs. It plays a crucial role in the development of medications targeting viral infections, particularly those caused by HIV and hepatitis viruses. Its structure is key in creating nucleoside analogs, which inhibit viral replication by interfering with the viral RNA or DNA synthesis. Additionally, it is used in research laboratories for studying enzyme mechanisms and developing new therapeutic agents with enhanced efficacy and reduced side effects.