Guanines, key players in DNA and RNA, exist as dynamic keto and enol forms, influencing reactivity and potential applications. This study explores the impact of external electric fields on these forms using computational methods in gas and solvent (water) phases. Analyzing the energy gap, dipole moment, enthalpy, and Gibbs free energy revealed distinct responses. The keto form showed a significant decrease in the energy gap in the presence of an electric field, particularly in water, indicating enhanced reactivity. Conversely, the enol form exhibited a stabilizing effect with increasing electric field strength. Thermodynamic properties highlighted solvent-dependent interactions and electric field-induced changes in electron density distribution. The study further investigated guanine’s potential for nanoelectronics by calculating I-V curves, revealing promising characteristics, especially for the keto form in the aqueous phase. Additionally, the analysis of solvation and cohesive energies provided insights into solute–solvent interactions and intrinsic molecular stability. Overall, this research contributes to understanding how guanine responds to electric fields, paving the way for novel guanine-based materials with potential applications in nanoelectronics.