Used in pharmaceutical synthesis, particularly as an intermediate in the production of drugs targeting neurological disorders. It plays a role in the development of adamantane-based compounds with potential antiviral and neuroprotective properties. Commonly utilized in research for designing modulators of NMDA and AMPA receptors, which are involved in cognitive and memory functions. Also investigated for its potential in treating neurodegenerative conditions such as Alzheimer's and Parkinson's diseases. Its structure supports enhanced blood-brain barrier penetration, making it valuable in central nervous system drug design.