Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure supports the formation of nucleoside analogs, which can interfere with DNA or RNA synthesis in pathogens or tumor cells. Also employed in agrochemical research for designing herbicides and plant growth regulators due to its ability to modulate biological activity in cellular processes. Its derivatives are explored for their potential in kinase inhibition, making them relevant in targeted therapies.