This chemical is primarily utilized in the synthesis of complex organic compounds, particularly in the development of pharmaceutical intermediates. Its unique stereochemistry and functional groups make it valuable for constructing chiral molecules, which are essential in producing enantiomerically pure drugs. It is often employed in the preparation of glycosidase inhibitors, which are important in treating conditions like diabetes and viral infections. Additionally, it serves as a key building block in the synthesis of natural products and bioactive compounds, contributing to research in medicinal chemistry and drug discovery. Its methoxy and diol groups enable selective modifications, making it a versatile reagent in organic synthesis.