This chemical is primarily used in organic synthesis, particularly in the preparation of nucleosides and nucleotides. It serves as a key intermediate in the synthesis of modified ribose sugars, which are essential components in the development of antiviral and anticancer drugs. Its benzoyl protecting groups make it highly useful in selective chemical reactions, allowing for precise modifications to the ribose structure. Additionally, it plays a role in the production of oligonucleotides, which are critical in genetic research and therapeutic applications. Its stability and reactivity make it a valuable reagent in carbohydrate chemistry and pharmaceutical research.