This compound is primarily utilized in biochemical research and pharmaceutical development. It serves as a key intermediate in the synthesis of various nucleoside analogs, which are crucial for studying cellular processes and developing antiviral or anticancer drugs. Its structure allows it to mimic natural purines, making it valuable for investigating DNA and RNA interactions. Additionally, it plays a role in the development of modified nucleotides used in molecular biology techniques, such as PCR and gene sequencing. Its applications extend to exploring enzyme mechanisms and designing targeted therapies for genetic disorders.