This compound is primarily utilized in the synthesis of various pharmaceutical intermediates. It serves as a key building block in the development of antiviral and anticancer drugs, particularly in the creation of nucleoside analogs. Its reactive formyl and nitrile groups enable it to participate in diverse chemical reactions, making it valuable for constructing complex molecular structures. Additionally, it is employed in organic research for the preparation of heterocyclic compounds, which are essential in medicinal chemistry and drug discovery. Its versatility also extends to the production of agrochemicals, where it contributes to the development of novel pesticides and herbicides.