This compound is widely used in molecular biology and biochemistry as a key component in the synthesis of nucleic acids. It serves as a building block for DNA, playing a critical role in genetic research, PCR (polymerase chain reaction) techniques, and sequencing applications. Additionally, it is utilized in the development of antiviral and anticancer drugs, where its incorporation into nucleotide analogs helps inhibit viral replication or cancer cell growth. Its stability and compatibility with enzymatic processes make it essential in the production of modified nucleotides for therapeutic and diagnostic purposes.