This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of nucleoside analogs, which are crucial for developing antiviral and anticancer drugs. The fluorine substitution at the 2' position enhances the stability and bioavailability of the resulting nucleoside, making it a valuable building block for therapeutic agents targeting viral infections and certain types of cancer. Additionally, it is used in biochemical studies to investigate the mechanisms of nucleoside metabolism and DNA/RNA synthesis, aiding in the discovery of novel drug candidates.