This chemical is primarily utilized in the development of pharmaceutical compounds due to its unique structural properties. It serves as a key intermediate in the synthesis of various drugs, particularly those targeting neurological and cardiovascular diseases. Its adamantane moiety enhances the stability and bioavailability of the resulting compounds, making it valuable in drug design. Additionally, it is explored in the creation of antiviral agents, leveraging its ability to interact with specific viral proteins. Researchers also investigate its potential in developing treatments for metabolic disorders, given its influence on certain biochemical pathways. Its applications extend to the field of organic synthesis, where it is used to construct complex molecules for further pharmacological studies.