This chemical is primarily used as an intermediate in the synthesis of nucleoside analogs, which are crucial in the development of antiviral and anticancer drugs. It plays a key role in the production of modified ribose sugars, which are essential components in the creation of nucleotide-based therapeutics. Additionally, it is employed in the preparation of prodrugs, enhancing the bioavailability and stability of active pharmaceutical ingredients. Its acetyl groups protect the ribose moiety during chemical reactions, ensuring precise modifications in the synthesis process. This compound is also utilized in research settings for studying carbohydrate chemistry and developing novel drug delivery systems.