This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its adamantane moiety enhances the stability and bioavailability of the resulting compounds, making it valuable in drug development. Additionally, it is explored for its potential use in creating antiviral agents, given the structural properties that can interact with viral proteins. Researchers also investigate its role in designing inhibitors for enzymes involved in metabolic pathways, contributing to the development of novel therapeutic agents.