Used as an 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 viral replication or tumor cell proliferation. Also employed in the preparation of agrochemicals and functional materials due to its ability to form stable complexes and participate in hydrogen bonding. Commonly utilized in research settings for designing new bioactive molecules and in the optimization of drug candidates through structural modification.