This steroidal diol serves as an intermediate in the pharmaceutical industry for the synthesis of estrogen hormones and related compounds. It is utilized in the production of hormone replacement therapies to manage menopausal symptoms like hot flashes and osteoporosis, contraceptives to regulate menstrual cycles and prevent ovulation, and treatments for estrogen deficiency conditions such as primary ovarian insufficiency. Its steroid structure enables binding to estrogen receptors, exhibiting estrogenic activity, and allows for chemical modifications to enhance drug potency and selectivity.