Used extensively in the pharmaceutical industry as a core structure for synthesizing drugs, particularly antiviral and anticancer medications. It serves as a building block for nucleobases like adenine and guanine, essential components of DNA and RNA. In biochemistry, it plays a critical role in studying genetic material and cellular processes. Additionally, it is utilized in the development of agrochemicals, such as herbicides and pesticides, due to its biological activity. Its derivatives are also explored in the production of dyes and organic compounds for industrial applications.