This compound is primarily utilized in the synthesis of modified nucleosides, which are crucial in the development of antiviral and anticancer drugs. Its ethynyl group allows for further functionalization through click chemistry, enabling the creation of diverse nucleoside analogs. These analogs are extensively studied for their potential to inhibit viral replication or target specific cancer cells. Additionally, it serves as a key intermediate in the preparation of labeled nucleosides for biochemical and pharmacological research, aiding in the study of nucleic acid metabolism and drug mechanisms. Its benzoyl protecting groups enhance stability during synthetic processes, making it a valuable tool in organic and medicinal chemistry.