This compound is primarily utilized in the field of steroid chemistry and pharmaceutical research. It serves as an intermediate in the synthesis of various corticosteroids, which are essential for their anti-inflammatory and immunosuppressive properties. Researchers often employ it to develop drugs targeting conditions like asthma, rheumatoid arthritis, and skin disorders. Additionally, it plays a role in studying enzymatic pathways and metabolic processes related to steroid hormones. Its application is critical in advancing therapeutic treatments and understanding steroid biochemistry.