Used in pharmaceutical research as an intermediate in the synthesis of bioactive compounds targeting inflammatory and metabolic disorders. Shows potential in the development of adenosine receptor modulators due to its structural similarity to purine-based signaling molecules. Also explored for its role in prodrug design, where ester moieties enhance cellular permeability and bioavailability. Investigated in dermatological formulations for controlled release of active agents owing to its lipophilic character and metabolic stability.