This compound is primarily utilized in the synthesis of various steroids and hormone-related molecules. It serves as a key intermediate in the production of corticosteroids, which are essential for treating inflammation, autoimmune disorders, and allergic reactions. Additionally, it is used in research to study cholesterol metabolism and its role in cellular functions. The compound also finds application in the development of drugs targeting lipid disorders and cardiovascular diseases. Its structural properties make it valuable in organic chemistry for designing molecules with specific biological activities.