This compound is primarily utilized in the synthesis of various steroid hormones, playing a crucial role in pharmaceutical research and development. It serves as an intermediate in the production of corticosteroids, which are widely used to treat inflammatory conditions such as arthritis, asthma, and skin disorders. Additionally, it is employed in the preparation of estrogens and androgens, which are essential for hormone replacement therapies and managing hormonal imbalances. Its application extends to the study of steroid metabolism and the development of novel therapeutic agents targeting hormone-related diseases.