This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly in the development of nucleoside analogs. These analogs play a crucial role in antiviral and anticancer therapies, as they can interfere with the replication of viral DNA or RNA and inhibit the growth of cancer cells. Additionally, it serves as a key intermediate in the production of modified purine derivatives, which are essential for research in biochemistry and molecular biology. Its applications extend to the study of enzyme mechanisms and the design of novel therapeutic agents targeting specific biological pathways.