Oxy-16 is primarily used in research settings to study androgen receptor activity and its role in various biological processes. It is often employed as a tool compound to investigate the effects of androgen receptor modulation in cellular and molecular studies. Researchers utilize it to explore its potential impact on conditions related to androgen signaling, such as prostate cancer and androgenetic alopecia. Additionally, it is used in the development of novel therapeutic agents targeting androgen-dependent pathways. Its application extends to understanding the mechanisms of hormone action and the development of selective androgen receptor modulators (SARMs) for potential clinical use.