This compound is primarily used in the synthesis of complex carbohydrates and nucleosides, which are crucial in the development of pharmaceuticals and biochemical research. It serves as a key intermediate in the production of modified sugars, which are essential for creating antiviral and anticancer drugs. Additionally, it is employed in the preparation of glycosides, which have applications in drug delivery systems and as bioactive molecules in medicinal chemistry. Its benzyl-protected hydroxyl groups make it a versatile building block in organic synthesis, particularly in the construction of oligosaccharides and glycoconjugates.