Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure supports the creation of nucleoside analogs that interfere with viral replication or tumor cell proliferation. Also employed in agrochemicals for the production of certain crop protection agents due to its ability to enhance bioavailability and metabolic stability. Commonly utilized in research settings for building blocks in heterocyclic chemistry and medicinal chemistry optimization.