Used primarily in research settings as an intermediate in the synthesis of steroidal compounds and lipid-based molecules. It plays a role in modifying cholesterol derivatives for studies in membrane biology, where it helps investigate lipid behavior and interactions in artificial membranes. Also utilized in the development of certain pharmaceuticals, particularly those targeting hormone-related pathways or metabolic processes involving cholesterol. Its reactivity makes it valuable for introducing bromine into steroid frameworks, enabling further chemical transformations in drug discovery and biochemical analysis.