Used in the synthesis of complex carbohydrates and glycoconjugates, this compound serves as a key intermediate in the production of oligosaccharides and glycosides. It is particularly valuable in carbohydrate chemistry for protecting hydroxyl groups during chemical reactions, ensuring selective modifications. Additionally, it plays a role in the development of pharmaceuticals, especially in the creation of glycosylated drugs and prodrugs. Its acetylated form enhances solubility and stability, making it suitable for use in organic synthesis and research applications focused on glycobiology.