This chemical is widely used in the pharmaceutical industry as a key intermediate for modifying cyclodextrins, enhancing their ability to form inclusion complexes with various drugs. Its primary application lies in improving drug solubility, stability, and bioavailability, making it valuable in drug delivery systems. Additionally, it is utilized in analytical chemistry as a chiral selector for separating enantiomers in chromatography. In material science, it serves as a precursor for synthesizing functionalized cyclodextrins, which are employed in creating advanced materials for sensing and catalysis. Its tosyl group allows for further chemical modifications, enabling tailored applications in research and industrial processes.