This compound is primarily utilized in organic synthesis, particularly as an intermediate in the production of complex molecules. Its structure, featuring multiple protective groups, makes it valuable in the synthesis of nucleosides and carbohydrates, where selective reactivity is crucial. Additionally, it serves as a precursor in the development of pharmaceuticals, especially antiviral and anticancer agents, due to its ability to introduce specific functional groups into target molecules. The compound's stability and reactivity under controlled conditions also make it suitable for use in research laboratories for exploring new synthetic pathways and chemical transformations.