This compound is primarily used in organic synthesis as a key intermediate in the production of complex molecules, particularly in the pharmaceutical industry. Its structure, featuring an iodomethyl group, makes it a valuable building block for nucleophilic substitution reactions, enabling the introduction of various functional groups into target molecules. It is often employed in the synthesis of nucleoside analogs, which are crucial in developing antiviral and anticancer drugs. Additionally, the presence of the dioxole and tetrahydrofuran rings enhances its utility in constructing chiral frameworks, which are essential for creating enantiomerically pure compounds with specific biological activities. Its application extends to carbohydrate chemistry, where it aids in the modification of sugar derivatives for drug development and biochemical studies.