This chemical is primarily used in the synthesis of modified nucleosides, which are essential in the development of antiviral and anticancer drugs. Its structure allows it to act as a building block in the creation of oligonucleotides, which are used in genetic research and therapeutic applications. The compound is particularly valuable in the preparation of labeled nucleosides for studies involving nucleic acid metabolism and function. Additionally, it plays a role in the development of prodrugs that target specific cellular mechanisms, enhancing the efficacy of treatments for various diseases. Its unique properties make it a key component in the field of medicinal chemistry and drug discovery.