The SHBG test evaluates the levels of this protein to assess hormonal balance and diagnose conditions related to sex hormones. Low SHBG levels are often associated with conditions like PCOS, metabolic syndrome, or increased levels of free testosterone, leading to symptoms such as hirsutism or menstrual irregularities. High SHBG levels can indicate conditions like hypothyroidism or liver disease, potentially causing symptoms related to reduced free testosterone or estrogen. This test is essential for diagnosing and managing hormonal imbalances and their effects on health.