Used primarily in the field of nucleoside chemistry and pharmaceutical research, this compound serves as a key intermediate in the synthesis of modified nucleosides. These nucleosides are crucial for developing antiviral and anticancer drugs, particularly in the creation of nucleotide analogs that can inhibit viral replication or interfere with cancer cell proliferation. It is also employed in biochemical studies to investigate DNA modification processes and to explore the mechanisms of action of nucleoside-based therapeutics. Additionally, it finds utility in the production of labeled nucleosides for diagnostic and research purposes, aiding in the study of genetic material and cellular processes.