This compound is primarily utilized in the field of biochemistry and pharmacology for its role as a precursor in the synthesis of various nucleoside analogs, which are crucial in the development of antiviral and anticancer drugs. It serves as a building block in the creation of modified nucleosides that can inhibit the replication of viruses or the growth of cancer cells by interfering with DNA or RNA synthesis. Additionally, it is employed in research studies to investigate the mechanisms of nucleotide metabolism and the function of purine derivatives in cellular processes. Its applications extend to the development of diagnostic tools and therapeutic agents targeting diseases associated with abnormal purine metabolism.