This compound is primarily used in biochemical research and pharmaceutical applications. It plays a role in enzymatic studies, particularly those involving carbohydrate metabolism, as it is a phosphorylated sugar derivative. It is also utilized in the synthesis of complex carbohydrates and glycoconjugates, which are important in understanding cellular processes and developing therapeutic agents. Additionally, it serves as a substrate or intermediate in the production of bioactive molecules and drug candidates targeting metabolic disorders. Its stability and solubility make it suitable for use in laboratory settings for various analytical and preparative purposes.