This compound is primarily used in the synthesis of nucleoside analogs, which are crucial in the development of antiviral and anticancer drugs. Its structure allows it to mimic natural nucleosides, enabling it to interfere with viral replication or cancer cell proliferation. It is particularly valuable in the production of modified nucleosides that can be incorporated into DNA or RNA, leading to the inhibition of specific enzymes or processes essential for the survival of viruses or tumor cells. Additionally, it serves as a key intermediate in the synthesis of complex molecules for biochemical research, aiding in the study of nucleic acid interactions and the design of targeted therapies. Its application extends to the development of diagnostic tools and therapeutic agents that require precise molecular modifications.