This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting adenosine receptors. These receptors play a crucial role in regulating numerous physiological processes, making this compound valuable in the development of potential therapeutic agents for conditions such as cardiovascular diseases, inflammation, and neurological disorders. Additionally, its structural properties make it a candidate for further chemical modifications to enhance its efficacy and selectivity in drug discovery programs.