Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. It serves as a building block for nucleoside analogs, which mimic natural nucleosides and interfere with viral replication or tumor cell proliferation. Also employed in agrochemicals for the formulation of herbicides and fungicides due to its ability to disrupt metabolic pathways in pests. Its structure allows easy modification, making it valuable in medicinal chemistry for designing new bioactive molecules.