This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of nucleoside analogs. These analogs are crucial for the development of antiviral and anticancer drugs, as they can mimic natural nucleosides and interfere with viral replication or cancer cell proliferation. Additionally, it is explored in biochemical research for studying enzyme mechanisms, particularly those involving nucleoside-processing enzymes, due to its structural similarity to natural substrates. Its unique triazole moiety also makes it a candidate for further chemical modifications to enhance its biological activity or specificity.