Used in pharmaceutical research as a key intermediate in the synthesis of selective estrogen receptor modulators (SERMs). It contributes to the development of compounds with potential applications in hormone replacement therapy and the treatment of estrogen-related disorders such as breast cancer. Its structure supports binding affinity to estrogen receptors, making it valuable in designing drugs with tissue-selective activity. Also explored in the creation of novel anti-inflammatory agents due to its ability to modulate cellular signaling pathways.