Used primarily in the field of medicinal chemistry, this compound serves as a key intermediate in the synthesis of various pharmaceutical agents. It is particularly valuable in the development of purine-based drugs, which are often employed in antiviral and anticancer therapies. The compound's structure allows it to mimic natural purines, enabling it to interfere with DNA and RNA synthesis in targeted cells. Additionally, it is utilized in research settings to study enzyme inhibition and to develop novel therapeutic compounds that can modulate cellular processes. Its role in the creation of nucleoside analogs makes it significant in the treatment of diseases like cancer and viral infections.