The concept of androgyny is highly relevant to contemporary discussions on gender identity, particularly in the context of increasing recognition of non-binary and gender-fluid identities. Androgyny, by embodying both masculine and feminine characteristics, aligns with the idea that gender is not a binary but a spectrum. This concept challenges traditional gender norms and provides a framework for understanding gender in a more nuanced way. In current times, where there is a growing acceptance and understanding of diverse gender identities, androgyny serves as a conceptual bridge, illustrating that gender characteristics are not inherently tied to one's biological sex. It also highlights the societal shift towards a more inclusive understanding of gender, where individuals are recognised and valued for their unique blend of characteristics, rather than being confined to traditional gender roles.

The Bem Sex Role Inventory (BSRI), while pioneering in its time, faces several limitations in modern psychology. Firstly, it is based on a binary understanding of gender roles, primarily focusing on masculine and feminine traits. This approach may not adequately capture the complexities of contemporary gender identities, such as non-binary or gender-fluid identities. Secondly, the BSRI reflects cultural norms and gender stereotypes prevalent in the 1970s American society, potentially making it less applicable to diverse cultural contexts or contemporary Western societies where gender norms have evolved. Furthermore, the static nature of the traits listed in the BSRI does not account for the dynamic and evolving nature of gender expression. These limitations suggest a need for updated tools and approaches that better reflect the current understanding of gender diversity and fluidity.

Understanding and embracing androgyny can have several benefits for an individual's psychological health. Androgynous individuals, who exhibit a mix of masculine and feminine traits, often show greater flexibility in their behaviour and emotional expression. This flexibility allows them to adapt more easily to different situations and roles, potentially leading to better coping strategies and lower levels of stress. Androgyny also challenges rigid gender norms, which can reduce the pressure to conform to stereotypical gender roles that might not align with an individual's authentic self. This alignment with one's true self can lead to higher self-esteem, greater life satisfaction, and overall better mental health. Additionally, the acceptance of androgynous traits can foster a more inclusive and accepting social environment, further contributing to psychological well-being.

The concept of androgyny has significantly influenced gender equality movements by challenging traditional gender roles and stereotypes. By advocating for the validity and normality of possessing a combination of masculine and feminine traits, androgyny supports the idea that individuals should not be constrained by societal expectations based on their gender. This perspective aligns with gender equality movements, which strive for equal rights, opportunities, and treatment regardless of gender. Androgyny also encourages a more fluid understanding of gender, contributing to a broader social acceptance of various gender identities. This inclusivity is crucial for gender equality, as it recognizes and values individual differences, promoting a society where people are free to express themselves without the constraints of rigid gender norms.

The Bem Sex Role Inventory (BSRI) can still be applied in modern therapeutic settings, albeit with some considerations. In therapy, the BSRI can be used as a starting point for discussions about gender identity and roles. It helps clients explore their own perception of their gender traits, potentially uncovering areas of conflict or distress related to societal gender expectations. However, therapists must be mindful of the BSRI's limitations, such as its binary approach to gender and its basis in cultural norms of the 1970s. It's important for therapists to use the BSRI as one of many tools, complementing it with current understandings of gender fluidity and diversity. The BSRI can be particularly useful in therapy for individuals struggling with gender identity issues, as it provides a framework for understanding the complex interplay of masculine and feminine traits within themselves. The key is to apply the BSRI flexibly and adaptively, integrating its insights with contemporary perspectives on gender.