This chemical is primarily utilized in the field of organic synthesis, particularly as an intermediate in the production of complex molecules. Its structure, featuring multiple functional groups, makes it a valuable building block for the synthesis of pharmaceuticals, especially those targeting neurological and infectious diseases. The compound is often employed in the development of glycosidase inhibitors, which are crucial in the treatment of conditions like diabetes and viral infections. Additionally, its stereochemistry allows for precise control in the creation of stereospecific drugs, enhancing their efficacy and reducing side effects. Researchers also explore its potential in the synthesis of natural products and bioactive compounds, leveraging its unique chemical framework to develop novel therapeutic agents.