This chemical is primarily utilized in the field of medicinal chemistry and pharmacology. It serves as a key intermediate in the synthesis of nucleoside analogs, which are crucial in the development of antiviral and anticancer drugs. Specifically, it is used to produce compounds that inhibit viral replication by targeting viral polymerases or reverse transcriptases. Additionally, it plays a role in the creation of prodrugs designed to enhance the delivery and efficacy of therapeutic agents. Its application extends to research settings, where it aids in the study of nucleotide metabolism and the development of novel treatments for diseases caused by DNA or RNA viruses.