Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for cancer treatment. Its structure enables selective binding to enzyme targets involved in cell signaling pathways, making it valuable in oncology drug research. It is also employed in the preparation of antiviral compounds due to its ability to mimic nucleotide moieties in biochemical processes. The compound's reactivity and stability support its use in cross-coupling reactions during medicinal chemistry optimization.