Used as a key intermediate in the synthesis of antiviral and antibacterial agents, particularly in the production of nucleoside analogs. Its structure allows for selective functionalization, making it valuable in pharmaceutical research for developing prodrugs with improved bioavailability. Commonly employed in the preparation of cyclic phosphate or phosphonate derivatives, it plays a role in modifying biologically active molecules to enhance metabolic stability. Also utilized in agrochemical synthesis for creating novel active ingredients with targeted activity.