This compound is primarily utilized in the field of medicinal chemistry and biochemistry due to its structural similarity to nucleosides, which are the building blocks of nucleic acids like DNA and RNA. Its unique structure allows it to interact with enzymes and proteins involved in nucleic acid metabolism, making it a potential candidate for antiviral and anticancer drug development. Researchers investigate its ability to inhibit viral replication or interfere with cancer cell proliferation by mimicking natural nucleosides and disrupting essential biological processes. Additionally, it serves as a valuable intermediate in the synthesis of modified nucleosides, which are explored for their therapeutic potential in treating various diseases. Its application extends to biochemical studies, where it is used to understand enzyme mechanisms and nucleic acid interactions.