Used primarily in organic synthesis, it serves as a key intermediate in the production of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure is valuable in creating compounds that mimic natural nucleosides, which are essential in drug design. Additionally, it is utilized in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. In material science, it finds application in the preparation of polymers and coatings, enhancing their durability and performance. Its role in research labs is significant for studying biochemical pathways and developing new therapeutic molecules.