Used primarily in organic synthesis, this compound serves as a key intermediate in the production of complex carbohydrates and glycoconjugates. It is particularly valuable in the field of glycobiology for studying carbohydrate-protein interactions. The acetyl groups protect the hydroxyl functionalities, allowing selective reactions to occur at other sites. This chemical is also employed in the development of glycosylated pharmaceuticals, enhancing drug solubility and targeting. Additionally, it plays a role in the synthesis of bioactive molecules for research in immunology and cancer therapy, contributing to the creation of novel therapeutic agents.