This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of steroidal drugs, particularly those with anti-inflammatory or hormonal activity. Its unique structure allows for modifications that can enhance the efficacy and specificity of the resulting drugs. Researchers often employ it in the development of corticosteroids or other therapeutic agents targeting conditions such as arthritis, asthma, or autoimmune disorders. Additionally, its lactone and ester functional groups make it a versatile building block for creating more complex steroid derivatives with tailored biological properties.