This compound is primarily used in biochemical research, particularly in the study of nucleoside analogs and their interactions with enzymes. It serves as a key intermediate in the synthesis of modified nucleosides, which are essential for developing antiviral and anticancer agents. Its structure allows it to mimic natural nucleosides, making it valuable for investigating metabolic pathways and enzyme mechanisms. Additionally, it is utilized in the development of prodrugs, where its modifications can enhance drug delivery and efficacy. Its role in understanding RNA and DNA synthesis processes further highlights its importance in molecular biology and medicinal chemistry.