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 nucleoside analogs, which can interfere with viral replication or tumor growth. Also employed in agrochemicals for the creation of certain pesticides and herbicides due to its ability to modulate biological activity in target organisms. Additionally, it serves as a building block in the preparation of functionalized heterocyclic compounds for use in materials science and organic electronics.