This compound is primarily utilized in the field of pharmaceutical research and development. It serves as an intermediate in the synthesis of various steroidal drugs, which are crucial for treating a range of medical conditions. Its structure is particularly valuable in the production of corticosteroids, which are widely used to reduce inflammation and suppress the immune system in conditions such as asthma, arthritis, and allergic reactions. Additionally, it plays a role in the development of hormonal therapies, contributing to advancements in managing endocrine disorders. Its application in medicinal chemistry underscores its importance in creating effective therapeutic agents.