This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for the development of pharmaceutical agents, particularly in the creation of kinase inhibitors. These inhibitors are crucial in targeting specific enzymes involved in cellular signaling pathways, making them valuable in the treatment of diseases such as cancer and inflammatory disorders. Additionally, its structure is leveraged in the design of nucleoside analogs, which can be used in antiviral and anticancer therapies. The compound’s versatility in chemical modifications allows researchers to explore its potential in drug discovery and development.