Primarily utilized in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various purine-based drugs. Its structural framework is crucial for developing medications targeting diseases such as cancer and viral infections, where purine analogs play a significant role. Additionally, it is explored in biochemical studies to understand its interactions with enzymes and receptors, aiding in the design of more effective therapeutic agents. The compound's potential in modulating cellular processes also makes it a candidate for studies in cellular biology and pharmacology.