This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of nucleoside analogs, which are crucial for developing antiviral and anticancer drugs. The presence of the Boc (tert-butoxycarbonyl) protecting group allows for selective reactions, enabling precise modifications during the synthesis process. Additionally, its cyclopentanol structure contributes to the stability and bioavailability of the final drug compounds. It is also employed in research settings for studying enzyme interactions and metabolic pathways, aiding in the discovery of new therapeutic agents.