Used primarily in the synthesis of modified nucleosides and nucleotides, this compound serves as a key intermediate in the development of antiviral and anticancer drugs. It is also employed in biochemical research to study RNA structure and function, aiding in the understanding of genetic processes. Additionally, it finds application in the preparation of labeled guanosine derivatives for use in diagnostic assays and molecular biology techniques. Its acetylated groups provide protection during chemical reactions, ensuring precise modifications to the guanosine molecule.