Used primarily in biochemical research, this compound serves as a key intermediate in the synthesis of modified nucleosides. It plays a crucial role in the development of antiviral and anticancer agents, particularly in the creation of nucleoside analogs that can inhibit viral replication or disrupt cancer cell growth. Additionally, it is utilized in the study of RNA structure and function, helping researchers understand molecular interactions and mechanisms within genetic material. Its bromine atom allows for further functionalization, making it a versatile building block in organic synthesis.