This chemical is primarily utilized in research and development within the field of medicinal chemistry. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting purine receptors. Its structural features make it valuable for designing molecules with potential therapeutic applications, such as anti-inflammatory, anticancer, or antiviral agents. Additionally, it is employed in studies exploring enzyme inhibition, particularly those involving purine metabolism pathways. Its role in creating modified nucleosides or nucleotides also contributes to advancements in drug discovery and molecular biology research.