This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting hormonal regulation and inflammatory pathways. Its structural features make it suitable for designing drugs that interact with specific enzymes or receptors involved in these processes. Additionally, it has been explored for its potential in creating novel therapeutic agents for conditions such as endometriosis and certain types of cancer. Researchers also investigate its derivatives for improved efficacy and reduced side effects in drug formulations.