Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of antiviral and anticancer agents. Its structure supports click chemistry applications, making it valuable in bioconjugation and drug discovery research. The acetyl and carboxylic acid functional groups allow for further chemical modifications, enabling the creation of diverse compound libraries for biological screening. Also employed in the preparation of triazole-based peptidomimetics and enzyme inhibitors due to its stability and reactivity profile.