Used primarily in organic synthesis, it serves as a key intermediate in the production of pharmaceuticals, particularly in the development of antiviral and anticancer drugs. Its rigid adamantane structure enhances the stability and bioavailability of the resulting compounds. Additionally, it is employed in the creation of advanced materials, such as polymers and coatings, where it imparts durability and resistance to harsh conditions. In research, it is utilized to study enzyme inhibition and receptor binding due to its unique structural properties.