This chemical is primarily used in organic synthesis as a versatile intermediate for the preparation of various glycosides and carbohydrate derivatives. It plays a significant role in the development of pharmaceuticals, particularly in the synthesis of antiviral and anticancer agents. Additionally, it is employed in the production of complex sugars and glycoconjugates, which are essential in biochemical research and drug development. Its unique structure allows for selective modifications, making it valuable in the study of carbohydrate chemistry and the creation of novel bioactive molecules.