Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of steroid receptor modulators and anti-cancer agents. It serves as a building block in organic synthesis due to the presence of reactive functional groups that allow for further chemical modifications. Its structure is often utilized in the preparation of bioactive molecules and in medicinal chemistry research for designing compounds with central nervous system activity. Also employed in the production of specialty chemicals and in structure-activity relationship (SAR) studies to optimize drug candidates.