This chemical is primarily utilized in the field of biochemistry and molecular biology as a fundamental component of nucleic acids. It plays a crucial role in the synthesis of RNA, where it pairs with adenine during the transcription process. Additionally, it is involved in various enzymatic reactions that are essential for cellular metabolism and energy transfer. In the pharmaceutical industry, it serves as a building block for the development of antiviral and anticancer drugs, particularly those targeting viral replication and cellular proliferation. Its derivatives are also explored for their potential in gene therapy and as diagnostic tools in genetic research.