This compound is primarily utilized in the field of medicinal chemistry, particularly in the development of nucleotide analogs. It serves as a key intermediate in the synthesis of antiviral and anticancer agents, targeting specific enzymes involved in DNA replication and repair. Its structure allows it to mimic natural nucleotides, making it effective in inhibiting viral polymerases or cellular enzymes critical for tumor growth. Additionally, it is explored in prodrug strategies to enhance bioavailability and targeted delivery of therapeutic agents. Research also investigates its potential in modulating immune responses and its role in treating viral infections such as HIV and hepatitis.