This chemical is primarily utilized in the field of medicinal chemistry, particularly in the development and synthesis of steroidal compounds. It serves as a key intermediate in the production of various corticosteroids and other steroid-based pharmaceuticals. Its structural features make it valuable for modifying biological activity, enhancing anti-inflammatory properties, and improving drug efficacy. Additionally, it is employed in research settings to study steroid receptor interactions and metabolic pathways, aiding in the discovery of new therapeutic agents for conditions like autoimmune diseases, hormonal imbalances, and inflammatory disorders.