This compound is primarily utilized in the synthesis of nucleoside analogs, which are crucial in the development of antiviral and anticancer drugs. It serves as an intermediate in the production of modified nucleosides, enabling the creation of molecules that can interfere with viral replication or cancer cell proliferation. Additionally, it is employed in carbohydrate chemistry research to study glycosylation reactions and to develop novel glycosides with potential therapeutic applications. Its acetyl groups provide protection during chemical transformations, ensuring selective reactions and enhancing the efficiency of synthetic processes.