Used primarily in biochemical research, this compound serves as a key intermediate in the synthesis of purine derivatives, which are crucial for studying nucleotide metabolism and enzyme mechanisms. It is also employed in the development of antiviral and anticancer agents, as purine analogs play a significant role in disrupting DNA and RNA synthesis in diseased cells. Additionally, it finds application in organic synthesis for creating complex molecules with potential pharmaceutical properties. Its role in the production of xanthine derivatives further extends its utility in exploring therapeutic targets for conditions like inflammation and oxidative stress.