With a view toward further nuclear structure applications of approaches based on quantum-deformed (or q-deformed) algebras, introduced to the authors by Yu.F. Smirnov, we construct a q analog of a boson realization of the symplectic noncompact sp(4, R) algebra together with a q analog of a fermion realization of the symplectic compact sp(4) algebra. The first study, on the q-deformed Sp(4,R) symmetry, is applied to the development of a q analog of the two-dimensional Interacting Boson Model with q-deformed SU(3) the underpinning dynamical symmetry group. An explicit realization in terms of q-tensor operators with respect to the standard suq(2) algebra is given. The group-subgroup structure of this framework yields the physical interpretation of the generators of the groups under consideration. The second symplectic algebra, the q-deformed sp(4), is applied to studying isovector pairing correlations in atomic nuclei. A specific q deformation of the sp(4) algebra is realized in terms of q deformed fermion creation and annihilation operators of the shell model. The generators of the algebra close on four distinct realizations of the uq(2) subalgebra. These reductions, which correspond to different types of pairing interactions, yield a complete classification of the basis states. An analysis of the role of the q deformation is based on a comparison of the results for energies of the lowest isovector-paired 0+ states in the deformed and nondeformed cases.