Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure allows for further chemical modifications, making it valuable in creating active ingredients in drug formulations. Also employed in research settings for designing nucleoside analogs, which mimic natural nucleobases and interfere with viral replication or tumor growth. Shows utility in agrochemical research for developing new herbicides or plant growth regulators due to its reactivity and stability in various chemical pathways.