Used as a building block in the synthesis of pharmaceuticals and fine chemicals, particularly in the production of antiviral and antitumor agents. Serves as a chiral intermediate in asymmetric synthesis due to its three hydroxyl groups, enabling selective chemical modifications. Employed in the preparation of polymers and resins, enhancing flexibility and solubility. Also utilized in cosmetic formulations as a humectant and moisturizing agent. Shows potential in the development of biodegradable plasticizers and green solvents.