This compound is primarily utilized in the development of synthetic corticosteroids and other steroid-based pharmaceuticals. It serves as a key intermediate in the synthesis of potent glucocorticoids, which are widely used for their anti-inflammatory and immunosuppressive properties. These glucocorticoids are essential in treating conditions such as asthma, rheumatoid arthritis, and various skin disorders. Additionally, its structural features make it valuable in research focused on modifying steroid molecules to enhance therapeutic efficacy or reduce side effects. Its role in steroid hormone synthesis also extends to applications in endocrine studies and the development of hormonal therapies.