This compound is primarily utilized in the field of medicinal chemistry, particularly in the development of antiviral and anticancer drugs. Its structure is designed to mimic nucleosides, which allows it to interfere with the replication processes of viruses and cancer cells. It is often incorporated into nucleotide analogs that inhibit viral polymerases or DNA/RNA synthesis, making it effective against certain viral infections and tumor growth. Researchers explore its potential in targeted therapies, where it can be modified to enhance specificity and reduce side effects. Additionally, it is studied for its role in improving the efficacy of existing treatments and overcoming drug resistance in various diseases.