Used primarily in bioluminescent assays, this compound serves as a sensitive chemiluminescent substrate in immunoassays and nucleic acid detection. Upon enzymatic dephosphorylation, it emits light in a reaction that is stabilized by the adamantane structure, allowing for prolonged signal duration and high detection sensitivity. It is especially valuable in diagnostic applications such as Western blots, ELISA, and in situ hybridization, where low-abundance targets require high signal-to-noise ratios. Its stability and efficient light emission make it ideal for automated detection systems and high-throughput screening in clinical and research laboratories.