Used primarily in biochemical research, this compound serves as a key reagent in studying nucleic acid interactions and modifications. It plays a significant role in the synthesis of modified nucleosides, which are crucial for understanding RNA structure and function. Additionally, it is employed in the development of therapeutic agents targeting genetic disorders, as it can influence gene expression and protein synthesis. Its thiol group makes it valuable for conjugation with other molecules, facilitating the creation of probes and markers for diagnostic applications.