Primarily utilized in the field of organic synthesis, this chemical serves as a crucial intermediate for the production of various complex carbohydrates and glycoconjugates. Its unique structure allows for the creation of specialized sugar derivatives that are essential in the development of pharmaceuticals, particularly in the synthesis of antiviral and anticancer agents. Additionally, it plays a significant role in the study of carbohydrate chemistry, aiding researchers in understanding the mechanisms of glycosylation and the behavior of sugar molecules in biological systems. Its application extends to the development of novel biomaterials, where it contributes to the design of biocompatible polymers and hydrogels used in medical devices and drug delivery systems.