This compound is primarily utilized in research and development within the field of biochemistry and pharmacology. It serves as a key intermediate in the synthesis of various bile acid derivatives, which are crucial for studying metabolic processes and drug development. Its application extends to the investigation of cholesterol metabolism and the role of bile acids in digestive health. Additionally, it is employed in the preparation of steroid-based pharmaceuticals, contributing to advancements in therapeutic treatments for liver and gastrointestinal disorders.