Used primarily in organic synthesis, this compound serves as a key intermediate in the production of nucleoside analogs, which are crucial for developing antiviral and anticancer drugs. Its structure is particularly valuable in carbohydrate chemistry for creating modified sugars that mimic natural substrates, aiding in the study of enzymatic processes. Additionally, it is employed in the synthesis of complex carbohydrates and glycoconjugates, which have applications in vaccine development and diagnostic tools. Its stability and reactivity make it a preferred choice for constructing chiral centers in pharmaceutical research.