Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure supports the formation of pyrimidine-based nucleoside analogs, which can interfere with DNA or RNA synthesis in pathogens or tumor cells. Also employed in agrochemicals for the creation of herbicides and plant growth regulators due to its ability to modulate biological activity in target organisms. Its ester and hydroxyl functional groups allow for easy modification in multi-step organic syntheses, making it valuable in medicinal chemistry research and development.