This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of antiviral drugs, particularly those targeting viral infections such as hepatitis B and HIV. Its structure is crucial for the development of nucleoside analogs, which mimic natural nucleosides and inhibit viral replication by incorporating into viral DNA or RNA, thereby terminating its elongation. Additionally, it finds application in research settings for studying enzyme interactions and mechanisms of action in antiviral therapies. Its role in the production of modified nucleosides also extends to potential use in cancer treatment, where such compounds can interfere with the DNA replication of rapidly dividing cancer cells.