This compound is primarily utilized in the synthesis of antiviral drugs, particularly those targeting viral infections such as hepatitis B and HIV. Its unique structure allows it to act as a nucleoside analogue, inhibiting viral replication by interfering with the viral RNA or DNA synthesis. Additionally, it is employed in research and development for designing new therapeutic agents due to its ability to mimic natural nucleosides, making it a valuable building block in medicinal chemistry. Its applications extend to the study of enzyme mechanisms and the development of enzyme inhibitors, contributing to advancements in biochemistry and pharmacology.