Used as a key intermediate in the synthesis of complex carbohydrate-based pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structural features allow for selective glycosylation, making it valuable in constructing oligosaccharide mimetics. The compound's protected functional groups enable stepwise modification, facilitating the assembly of biologically active glycoconjugates. It is also employed in the preparation of prodrugs where controlled release of active moieties is required through enzymatic or chemical cleavage.