Used in the synthesis of adamantane-based pharmaceuticals and specialty polymers due to its thermal stability and rigid molecular structure. Commonly employed as a building block in the development of liquid crystal materials and high-performance resins. Also investigated for use in hormone receptor research, particularly in androgen receptor modulators, because of its structural similarity to steroidal frameworks. Its hydrophobic nature makes it suitable for modifying membrane permeability in drug design. Additionally, it serves as an intermediate in the production of certain antioxidants and stabilizers for industrial applications.