This chemical is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of nucleoside analogs. These analogs are crucial in the development of antiviral and anticancer drugs. Specifically, it plays a role in the production of compounds that target viral replication processes, making it valuable in the treatment of viral infections such as hepatitis and HIV. Additionally, its structural properties are explored in the design of therapeutic agents that can interfere with cancer cell proliferation, offering potential applications in oncology research. Its use in these areas highlights its significance in advancing pharmaceutical developments aimed at addressing critical health challenges.