This compound is primarily utilized in the synthesis of nucleoside analogs, which are crucial in the development of antiviral and anticancer drugs. Its structure allows it to act as a key intermediate in modifying the sugar moiety of nucleosides, enhancing their therapeutic potential. Researchers leverage its properties to create derivatives that can inhibit viral replication or target cancer cells more effectively. Additionally, it is employed in organic chemistry research to study the effects of halogenated benzoyl groups on the stability and reactivity of sugar-based compounds. Its application extends to exploring novel drug delivery systems, where its modified sugar backbone can improve the pharmacokinetics of active pharmaceutical ingredients.