Used primarily as a versatile intermediate in organic synthesis, particularly in the preparation of complex molecules. As a cyclic sulfate, it is valuable in the production of fine chemicals and pharmaceuticals. The compound is also employed in the development of chiral building blocks, aiding in the synthesis of enantiomerically pure substances. Additionally, it finds application in polymer chemistry, where it contributes to the creation of specialized polymers with unique properties. Its reactivity makes it a useful tool in various chemical transformations, including ring-opening reactions and functional group modifications.