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 enzyme inhibition. Its structure is often explored for potential applications in designing drugs that interact with purine receptors or enzymes involved in nucleotide metabolism. Researchers investigate its derivatives for their potential therapeutic effects, such as anti-inflammatory, anticancer, or antiviral properties. Additionally, it may be used in biochemical studies to understand the mechanisms of enzyme-substrate interactions or to develop novel inhibitors for specific biological pathways.