This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of steroid-based compounds, which are crucial for creating various therapeutic agents. Its structure is particularly valuable in the production of drugs targeting hormonal imbalances, inflammation, and certain types of cancers. Additionally, it is explored for its potential in developing novel treatments for liver and metabolic disorders due to its cholane backbone. Researchers also investigate its role in enhancing drug delivery systems, improving the bioavailability of active pharmaceutical ingredients. Its unique chemical properties make it a versatile component in medicinal chemistry and drug design.