This chemical is primarily utilized in the field of antiviral research and drug development. It serves as a key intermediate in the synthesis of nucleoside analogs, which are crucial for creating antiviral medications. These analogs are designed to inhibit the replication of viruses by mimicking natural nucleosides, thereby disrupting viral DNA or RNA synthesis. Its specific structure allows for targeted modifications, enhancing the efficacy and selectivity of the resulting antiviral compounds. Additionally, it is explored in studies related to cancer therapy, where nucleoside analogs are used to interfere with the proliferation of cancer cells. Its role in these applications underscores its importance in advancing therapeutic strategies for both viral infections and oncology.