This compound is primarily utilized in the synthesis of complex carbohydrates and glycoconjugates, which are essential in biochemical research and pharmaceutical development. It serves as a key intermediate in the production of glycosides, which are used in various therapeutic agents, including antibiotics and antiviral drugs. Additionally, it plays a role in the study of enzyme mechanisms and carbohydrate metabolism, aiding in the understanding of metabolic pathways and the development of enzyme inhibitors. Its structural properties make it valuable in the design of glycomimetics, which mimic the behavior of natural carbohydrates and are used in drug discovery and vaccine development.