Used primarily in the synthesis of pharmaceutical compounds, particularly in the development of antiviral and antibacterial agents. It serves as a key intermediate in the production of drugs targeting neurodegenerative diseases, such as Alzheimer's, due to its ability to cross the blood-brain barrier. Additionally, it is employed in organic synthesis to create complex molecules with potential therapeutic properties. Its adamantane moiety enhances the stability and bioavailability of the resulting compounds, making it valuable in medicinal chemistry research.