This compound is primarily utilized in the pharmaceutical and biotechnology industries for its role in the synthesis of various steroidal drugs. It serves as a key intermediate in the production of corticosteroids, which are widely used to treat inflammatory conditions such as arthritis, asthma, and allergic reactions. Additionally, it is employed in the development of hormone therapies, particularly those targeting hormonal imbalances or disorders. Its structural properties make it valuable in research focused on understanding steroid metabolism and developing novel therapeutic agents.