This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly in the development of antiviral and antibacterial agents. Its structure makes it a valuable intermediate in the production of nucleoside analogs, which are crucial in treating viral infections such as HIV and hepatitis. Additionally, it is employed in organic synthesis to create complex molecules for research and industrial applications, including the development of new drugs and bioactive compounds. Its role in fine chemical manufacturing underscores its importance in advancing medicinal chemistry and therapeutic innovations.