This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various nucleoside analogs, which are crucial in the development of antiviral and anticancer drugs. Its structure allows for modifications that can enhance the biological activity and selectivity of these therapeutic agents. Additionally, it is employed in biochemical studies to investigate enzyme mechanisms and interactions, particularly those involving pyrimidine metabolism. Its iodine moiety also makes it a useful precursor for radiolabeling applications, aiding in diagnostic imaging and targeted drug delivery systems.