Used primarily in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure serves as a key intermediate in the production of nucleoside analogs, which are crucial for inhibiting viral replication and targeting cancer cells. Additionally, it finds application in organic synthesis for creating complex heterocyclic compounds with potential biological activity. Researchers also utilize it in the study of enzyme mechanisms and as a building block in medicinal chemistry for designing new therapeutic molecules.