This compound is primarily utilized in the field of nucleoside chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of modified nucleosides, which are crucial for developing antiviral and anticancer drugs. Its unique structure allows for the introduction of specific functional groups, enabling the creation of targeted therapeutic agents. Additionally, it is employed in the study of RNA and DNA analogs, aiding in the exploration of genetic mechanisms and the development of gene-based therapies. Its application extends to the production of prodrugs, where it enhances the bioavailability and stability of active pharmaceutical ingredients.