Used primarily in biochemical research, this compound serves as a key intermediate in the synthesis of nucleoside analogs, which are crucial for studying antiviral and anticancer agents. It plays a significant role in the development of modified nucleic acids, aiding in the exploration of genetic material and enzyme interactions. Additionally, it is utilized in the preparation of substrates for enzymatic studies, helping to understand metabolic pathways and nucleotide processing mechanisms. Its application extends to the field of molecular biology, where it assists in the investigation of DNA and RNA modifications, contributing to advancements in genetic engineering and therapeutic drug design.