Used primarily in pharmaceutical research, this compound is a key intermediate in the synthesis of various purine derivatives, which are crucial for developing drugs with potential antiviral and anticancer properties. Its structure allows for modifications that can enhance biological activity, making it valuable in the design of nucleoside analogs. These analogs are often explored for their ability to inhibit viral replication or interfere with cancer cell proliferation. Additionally, it may be utilized in biochemical studies to understand enzyme interactions and mechanisms involving purine metabolism. Its application extends to the development of diagnostic tools and therapeutic agents targeting specific cellular pathways.