Used primarily in biochemical research, it serves as a substrate in enzymatic studies, particularly for kinases and other enzymes involved in nucleotide metabolism. It is also employed in the synthesis of RNA and DNA analogs, aiding in the exploration of genetic material interactions. Additionally, it finds application in the development of diagnostic assays and as a component in cell culture media to support cellular growth and metabolism. Its role in studying signal transduction pathways and energy transfer mechanisms in cells is also significant.