This compound is primarily utilized in the synthesis of nucleoside analogs, which are critical in the development of antiviral and anticancer drugs. Its fluorinated structure enhances the stability and bioavailability of these analogs, making it a valuable intermediate in medicinal chemistry. Additionally, it is employed in the preparation of modified sugars used in biochemical research to study enzyme mechanisms and carbohydrate metabolism. The benzoyl groups provide protection during synthetic processes, ensuring selective reactions and high yields in complex organic syntheses.