Used primarily in the synthesis of pharmaceutical compounds, this chemical serves as a key intermediate in the production of various drugs, particularly those targeting cancer and viral infections. Its structure is valuable in creating nucleoside analogs, which are crucial for antiviral and anticancer therapies. Additionally, it plays a role in the development of agrochemicals, contributing to the creation of pesticides and herbicides. In research, it is utilized in organic synthesis to explore new chemical reactions and pathways, aiding in the discovery of novel compounds with potential therapeutic or industrial applications.