This compound is primarily used in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. It plays a significant role in the development of antiviral and anticancer drugs due to its purine-like structure, which is essential for inhibiting certain enzymes involved in viral replication and cell proliferation. Additionally, it is utilized in research settings to study biochemical pathways and mechanisms related to nucleotide metabolism, providing insights into the design of more effective medications. Its derivatives are also explored for their potential in treating neurological disorders and enhancing immune responses.