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Cholesterol is a building block for other steroid molecules like estrogen, testosterone?

Chemistry
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solid compound in blood: a steroid alcohol sterol made by the liver and present in all animal cells. Cholesterol is important to the body as a constituent of cell membranes, and is involved in the formation of bile acid and some hormones. Formula: C27H45OH [Late 19th century. < chole- + Greek stereos "stiff"] AND YOU ARE CORRECT
Why is it important constituent of cell membranes?

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Cholesterol, from the Greek chole- (bile) and stereos (solid) followed by the chemical suffix -ol for an alcohol, is an organic chemical substance classified as a waxy steroid of fat. It is an essential structural component of mammalian cell membranes and is required to establish proper membrane permeability and fluidity.
0K.. FOR FLUIDITY

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