This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of nucleoside analogs. These analogs play a crucial role in the development of antiviral and anticancer drugs. Specifically, it is involved in the production of modified nucleosides that can inhibit viral replication or interfere with the growth of cancer cells by mimicking natural nucleosides. Its structural features make it valuable for creating targeted therapies that enhance drug efficacy and reduce side effects. Additionally, it is used in research to study the mechanisms of nucleotide-based processes and to design novel therapeutic agents.