This compound is primarily utilized in the field of medicinal chemistry and pharmacology, particularly in the development of steroidal drugs. It serves as a key intermediate in the synthesis of various therapeutic agents, especially those targeting hormonal regulation. Its structural properties make it valuable in creating compounds that interact with androgen receptors, which can be applied in treatments for conditions like hormone deficiencies, muscle wasting diseases, and certain types of cancers. Additionally, its derivatives are explored for their potential anti-inflammatory and anabolic effects, contributing to advancements in steroid-based therapies.