Android N - Cannot run on lower API though minSDK set to 14

I am trying to run the APK on API 22 device after updating compileSdkVersion to N but unable to do so.

compileSdkVersion 'android-N'
buildToolsVersion "24.0.0 rc1"

defaultConfig {
       minSdkVersion 14
       targetSdkVersion 'N'
}