Used in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds. Its adamantyl group enhances lipophilicity and metabolic stability, making it valuable in drug design, particularly in developing antiviral or central nervous system agents. The ester functionality allows for further chemical modifications, enabling the formation of amides, acids, or alcohols in multi-step synthesis. Also employed in the preparation of specialty polymers and receptor ligands due to its rigid three-dimensional structure.