Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and antiviral agents. Its structure allows for selective functionalization, making it valuable in building active pharmaceutical ingredients (APIs). Commonly employed in cross-coupling reactions such as Suzuki and Buchwald-Hartwig aminations to form C–C and C–N bonds. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its ability to mimic nucleotide components in biological systems.