This compound is primarily used in biochemical research to study cellular signaling pathways, particularly those involving cyclic guanosine monophosphate (cGMP). It acts as a cGMP analog, allowing scientists to investigate the role of cGMP in processes like vasodilation, neurotransmission, and smooth muscle relaxation. It is often employed in experiments to understand the mechanisms of cGMP-dependent protein kinases and phosphodiesterases, which are critical in regulating cellular responses. Additionally, it is utilized in pharmacological studies to explore potential therapeutic targets for conditions such as cardiovascular diseases, erectile dysfunction, and neurodegenerative disorders.