This compound is primarily used in the development of pharmaceutical agents, particularly in the field of oncology. It serves as a key intermediate in the synthesis of nonsteroidal antiandrogens, which are crucial for treating prostate cancer. Its structure allows it to effectively bind to androgen receptors, inhibiting the action of androgens that promote cancer cell growth. Additionally, it is explored in research for its potential therapeutic applications in other hormone-dependent conditions. Its unique chemical properties make it a valuable component in the design of targeted therapies.