Deoxyribose (${\mathrm{C}}_5{\mathrm{H}}_{10}{\mathrm{O}}_4$)

In the usual DNA context, deoxyribose means 2-deoxy-D-ribose, a five-carbon monosaccharide with molecular formula ${\mathrm{C}}_5{\mathrm{H}}_{10}{\mathrm{O}}_4$. Relative to D-ribose, the hydroxy group at C2 is replaced by hydrogen. The locant 2 matters: it identifies which position loses its oxygen. See Favre and Powell, IUPAC Blue Book, P-102.5.3: deoxy sugars and IUPAC: nucleic acids and their component sugars.

The paired Fischer projections in ribose make the change concrete. C2 has hydrogen on both sides, while C3 and C4 retain their hydroxy groups on the right. C2 is therefore not a stereocenter: exchanging its two identical hydrogen substituents cannot produce a distinct configuration. The unchanged C3 and C4 still carry stereochemical information.

Replacing $\mathrm{OH}$ by $\mathrm{H}$ removes one oxygen but leaves the total hydrogen count unchanged: the hydrogen belonging to the removed hydroxy group is replaced by a hydrogen bonded directly to carbon. Thus ${\mathrm{C}}_5{\mathrm{H}}_{10}{\mathrm{O}}_5$ becomes ${\mathrm{C}}_5{\mathrm{H}}_{10}{\mathrm{O}}_4$. This comparison describes structures, rather than a complete chemical reaction or its mechanism.

In DNA, deoxyribose is incorporated as a ring in each nucleotide, with phosphate connections building the backbone. Its C2′ bears hydrogen where RNA's ribose bears a hydroxy group. This small local difference lets the sugar structure identify the two kinds of nucleic acid; the nucleobases supply their sequence information. See Alberts et al.: nucleotides as the subunits of DNA and RNA.