Used primarily in molecular biology and biochemistry research, this compound serves as a building block for DNA synthesis. It is crucial in the study of nucleic acid structures and functions, aiding in the development of antiviral and anticancer drugs. Additionally, it is employed in the production of oligonucleotides for genetic engineering and diagnostic applications. Its role in enzymatic reactions and as a substrate for DNA polymerases makes it valuable in PCR (Polymerase Chain Reaction) and other DNA amplification techniques. It also finds use in the synthesis of modified nucleosides for therapeutic purposes.