Used in the synthesis of nucleoside analogs, which are crucial in developing antiviral and anticancer drugs. It serves as a key intermediate in organic chemistry research, particularly in the study of carbohydrate chemistry. The compound is also employed in the preparation of modified sugars for biochemical studies, aiding in understanding enzyme mechanisms and metabolic pathways. Additionally, it finds application in the development of prodrugs, enhancing the delivery and efficacy of therapeutic agents.