This chemical is primarily used in biochemical research and pharmaceutical development. It serves as a key intermediate in the synthesis of glycosaminoglycans and other complex carbohydrates. Its role is crucial in studying enzymatic processes, particularly those involving glycosyltransferases and glycosidases. Additionally, it is utilized in the preparation of modified sugars for potential therapeutic applications, such as antiviral or anticancer agents. In the field of glycobiology, it aids in understanding cell signaling and molecular recognition processes. Its applications also extend to the development of biomaterials and drug delivery systems, where modified carbohydrates play a significant role.