Used extensively in organic synthesis as a protected form of ribose, it serves as a key intermediate in the production of nucleosides and nucleotides. Its benzoate groups provide stability during chemical reactions, allowing selective deprotection for further modifications. This compound is particularly valuable in the synthesis of antiviral and anticancer drugs, where precise control over ribose functionalization is crucial. It also finds application in carbohydrate chemistry research, aiding in the study of glycosylation processes and the development of novel sugar-based therapeutics. Additionally, it is utilized in the preparation of labeled ribose derivatives for biochemical and metabolic studies.