Used in pharmaceutical research as a key intermediate in the synthesis of various bioactive compounds, particularly in the development of antiviral and anticancer agents. It plays a crucial role in the production of nucleoside analogs, which are essential for creating drugs that target viral replication and cancer cell proliferation. Additionally, it is utilized in organic synthesis to construct complex heterocyclic structures, contributing to advancements in medicinal chemistry and drug discovery. Its versatility makes it valuable for designing molecules with potential therapeutic applications.