Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of antiviral and anticancer drugs, where its structure aids in the modification of nucleosides and nucleotides. Additionally, it plays a role in research focused on purine metabolism and enzyme inhibition studies, contributing to advancements in biochemical and medicinal chemistry. Its applications also extend to the synthesis of agrochemicals, where it helps in creating compounds with herbicidal or pesticidal properties.