This chemical is primarily utilized in molecular biology and biochemistry research. It serves as a key component in the synthesis of oligonucleotides, which are essential for studying DNA and RNA structures and functions. It is also employed in enzymatic reactions, particularly in polymerase chain reactions (PCR), to amplify specific DNA sequences. Additionally, it plays a role in the development of nucleotide analogs for therapeutic applications, such as antiviral and anticancer drugs. Its use extends to biochemical assays where it acts as a substrate for enzymes like kinases and phosphatases, aiding in the study of cellular signaling pathways.