Used primarily in biochemical research, this compound serves as a key intermediate in the synthesis of modified nucleosides and nucleotides. It is particularly valuable in the development of antiviral and anticancer agents due to its ability to be incorporated into nucleic acids. Additionally, it plays a role in studying enzyme mechanisms and nucleic acid interactions, aiding in the exploration of cellular processes and drug design. Its isopropylidene protecting group allows for selective chemical modifications, making it a versatile tool in organic synthesis and medicinal chemistry.