Used primarily in the research and development of antiviral and anticancer agents, this compound serves as a key intermediate in the synthesis of nucleoside analogs. Its structure allows for modifications that enhance the efficacy of drugs targeting viral replication and cancer cell proliferation. In pharmaceutical studies, it is utilized to explore the mechanisms of action of nucleoside-based therapies, particularly in inhibiting DNA synthesis in rapidly dividing cells. Additionally, it plays a role in the development of prodrugs, improving the bioavailability and targeting of therapeutic agents. Its applications are critical in advancing treatments for diseases like hepatitis, HIV, and various cancers.