This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of complex molecules, particularly in the synthesis of glycosides and other carbohydrate derivatives. Its structure, featuring multiple reactive sites, allows for selective modifications, making it valuable in the creation of targeted drug candidates. Additionally, it is employed in studies related to enzyme inhibition and receptor binding, aiding in the discovery of new therapeutic agents. Its application extends to material science, where it is used to design advanced polymers with specific functional properties.