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 purine derivatives, which are important in the development of potential therapeutic agents. The compound's structure allows it to be incorporated into molecules that can interact with biological targets, such as enzymes or receptors, making it valuable in the design of drugs for treating diseases like cancer, viral infections, or inflammatory conditions. Additionally, it is used in biochemical studies to investigate the role of purine-based compounds in cellular processes, aiding in the understanding of metabolic pathways and signaling mechanisms.