The Olympic Stadium has been named on a shortlist for the Royal Institute of British Architects' (Riba) Stirling Prize.
The prestigious award recognises the best of British architecture and the winner receives £20,000 in prize money as well as enhancing their reputation within the industry.
Riba president Angela Brady said: "The annual Riba Stirling Prize celebrates architectural excellence and this year we have an incredibly strong list of contenders.
"All of the shortlisted buildings demonstrate the essence of great architecture; they are human-scale buildings, places to inspire, entertain, educate and comfort their visitors and passers-by.
"Every building not only works beautifully from within but has a superb relationship with its surroundings, with a strong interplay between the two."
She added that it would be difficult for the judges to pick a winner this year due to the strong entries.
The Olympic Stadium was designed by Populous, who previously worked on Arsenal's Emirates Stadium and the sliding roof over Centre Court at Wimbledon.
Work on the venue began in May 2008 and was completed three years later. Capable of holding 80,000 spectators including many enjoying stays in luxury accommodation in London , there are five entrances to the venue which each cross over water.
As well as hosting the Olympics, the stadium will also be used for the Paralympic Games that will take place in August and September this year. After the Games, it has not yet been decided what will happen to the venue but it has been suggested it could host an additional British F1 Grand Prix.