This compound is primarily utilized in the field of organic synthesis, particularly in the preparation of complex carbohydrate derivatives. It serves as a key intermediate in the synthesis of glycosides, which are important in the development of pharmaceuticals and biologically active molecules. The acetyl groups protect the hydroxyl moieties during chemical reactions, allowing selective modifications to the sugar backbone. This makes it valuable in the production of glycosylated compounds, which are essential in drug discovery and the study of carbohydrate-protein interactions. Additionally, it is used in the development of glycoconjugates, which have applications in vaccine design and targeted drug delivery systems.