Used primarily in biochemical research, it serves as a key intermediate in the synthesis of modified nucleosides. These nucleosides are crucial for studying RNA and DNA structure, function, and interactions. It is also employed in the development of antiviral and anticancer agents, where modified nucleosides can inhibit viral replication or disrupt cancer cell growth. Additionally, it aids in the exploration of enzyme mechanisms and nucleotide metabolism, providing insights into cellular processes and potential therapeutic targets.