Used in pharmaceutical synthesis, particularly as an intermediate in the production of antiviral and neuroactive drugs. It serves as a building block in the development of adamantane-based compounds that exhibit activity against influenza viruses and neurological disorders. Its rigid structure enhances drug stability and bioavailability, making it valuable in medicinal chemistry for designing dopamine modulators and NMDA receptor antagonists. Also employed in research for novel therapeutics targeting central nervous system diseases.