This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research due to its structural similarity to steroidal compounds. It serves as a key intermediate in the synthesis of various steroidal drugs, which are essential for treating a range of conditions such as hormonal imbalances, inflammatory diseases, and certain types of cancer. Additionally, its unique structure makes it valuable in the development of novel therapeutic agents targeting specific biological pathways. Researchers also explore its potential in studying steroid metabolism and receptor interactions, contributing to advancements in endocrinology and biochemistry. Its role in these areas underscores its importance in drug discovery and development processes.