This compound is primarily utilized in the field of organic synthesis, particularly in the preparation of nucleotide analogs. It serves as a key intermediate in the synthesis of modified oligonucleotides, which are essential for research in molecular biology and drug development. The compound's structure allows it to act as a phosphoramidite building block, enabling the stepwise assembly of DNA or RNA sequences with specific modifications. Its application is critical in the development of antisense oligonucleotides, which are used to regulate gene expression and have therapeutic potential in treating genetic disorders and diseases like cancer. Additionally, it finds use in the production of probes for diagnostic assays and in the study of gene function and regulation.