This chemical is primarily utilized in the synthesis of nucleoside analogs, which are crucial in the development of antiviral and anticancer drugs. Its unique structure, featuring a fluorine atom and a benzyloxy group, allows it to act as a key intermediate in modifying the sugar moiety of nucleosides. This modification can enhance the biological activity and stability of the resulting compounds. Specifically, it is employed in the preparation of fluorinated nucleosides, which are known for their ability to inhibit viral replication or interfere with cancer cell proliferation. Its application is particularly significant in medicinal chemistry, where it contributes to the design of novel therapeutic agents targeting diseases like hepatitis, HIV, and various cancers.