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Differential code bias (DCB) of satellite is an error that cannot be ignored in precise positioning, timing, ionospheric modeling, satellite clock correction, and ambiguity resolution. The completion of the third generation of BeiDou Navigation Satellite System (BDS-3) has extended DCB to multichannel code bias observations and observable-specific signal bias (OSB). In this paper, the DCB and OSB products provided by the Chinese Academy of Sciences (CAS) are analyzed and compared. The DCB parameters for the BDS satellites are applied in both single- and dual-frequency single point positioning (SPP), and the results are intensively investigated. Based on the satellite DCB parameters of the BDS, the performance of precise point positioning (PPP) with different frequency combinations is also analyzed in terms of positioning accuracy and convergence time. The standard deviations (STDs) of DCBs at each signal pair fluctuate from 0.2 ns to 1.5 ns. The DCBs of BDS-2 are slightly more stable than those of BDS-3. The mean values and STDs of C2I and C7I OSBs for BDS-2 are at the same level and are numerically smaller than their counterparts for the C6I OSBs. The mean OSBs for each signal of the BDS-3, excluding C2I, fluctuate between 12.35 ns and 12.94 ns, and the STD fluctuates between 2.11 ns and 3.10 ns. The DCBs and OSBs of the BDS-3 of the IGSO satellites are more stable than those of the MEO satellites. The corrections for TGD and DCB are able to improve the accuracy of single-frequency SPP by 44.09% and 44.07%, respectively, and improve the accuracy of dual-frequency SPP by 6.44% and 12.85%, respectively. The most significant improvements from DCB correction are seen in single-frequency positioning with B1I and dual-frequency positioning with B2a+B3I. DCB correction can improve the horizontal and three-dimensional positioning accuracy of the dual-frequency PPP of different ionosphere-free combinations by 13.53% and 13.84% on average, respectively, although the convergence is slowed. [ABSTRACT FROM AUTHOR]