Used primarily in the synthesis of steroid-based pharmaceuticals, this compound serves as an intermediate in the preparation of biologically active steroids. Its functional groups allow for selective modifications, making it valuable in creating derivatives with hormonal activity. It is particularly useful in research settings for developing progestins and other steroid hormones with potential applications in hormonal therapy and contraception. The presence of conjugated double bonds and acetyl-protected hydroxyl groups enables controlled deprotection and further chemical transformations essential in medicinal chemistry.