This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those involved in antiviral and antibacterial treatments. It serves as a key intermediate in the production of nucleoside analogs, which are crucial for developing drugs that target viral replication processes. Additionally, it finds application in agricultural chemistry, where it is used to create pesticides and herbicides that help protect crops from harmful pathogens. Its unique structure allows it to act as a building block in organic synthesis, contributing to the development of specialized chemicals with diverse industrial uses.