This compound is primarily utilized in pharmacological research due to its potential as an adenosine receptor modulator. It is often studied for its effects on cardiovascular and neurological systems, as adenosine receptors play a significant role in regulating heart rate, blood flow, and neurotransmitter release. Researchers investigate its application in developing treatments for conditions such as arrhythmias, ischemic heart disease, and neurodegenerative disorders. Additionally, its structure allows it to act as a precursor or intermediate in the synthesis of more complex adenosine analogs, which are explored for their therapeutic properties. Its use is largely confined to laboratory settings, where it aids in understanding adenosine receptor mechanisms and drug development.