This compound is primarily utilized in the synthesis of steroid hormones and related pharmaceutical products. It serves as a key intermediate in the production of corticosteroids, which are widely used to treat inflammatory conditions such as arthritis, asthma, and autoimmune disorders. Additionally, it plays a role in the development of sex hormones, including estrogens and androgens, which are essential for managing hormonal imbalances and reproductive health. Its structural framework is also significant in research for designing novel therapeutic agents targeting hormone-dependent diseases, such as certain cancers. In industrial applications, it is employed in the preparation of advanced materials and fine chemicals due to its versatile chemical properties.