This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research due to its potential biological activity. It serves as a key intermediate in the synthesis of various purine derivatives, which are often explored for their therapeutic properties. Researchers investigate its applications in developing drugs that target specific enzymes or receptors, particularly in the treatment of diseases like cancer, viral infections, and inflammatory conditions. Its benzylthio group enhances its ability to interact with biological targets, making it a valuable scaffold for drug discovery and optimization. Additionally, it is studied for its potential role in modulating cellular processes, such as nucleotide metabolism and signal transduction pathways.