This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of antiviral medications. It plays a crucial role in the production of nucleoside analogs, which are effective in treating viral infections such as HIV and hepatitis B. Its structure is essential for mimicking natural nucleosides, allowing it to interfere with viral replication processes. Additionally, it is employed in research and development for creating novel therapeutic agents targeting viral diseases. Its application extends to the study of biochemical pathways and mechanisms of action in antiviral therapies.