Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of various drugs, particularly those targeting neurological disorders. Its unique adamantane structure contributes to the development of compounds with enhanced blood-brain barrier penetration, making it valuable for treatments like Alzheimer's disease and Parkinson's disease. Additionally, it is explored in the creation of antiviral agents due to its potential to inhibit viral replication. In material science, it is utilized in the design of advanced polymers and coatings, offering improved thermal stability and mechanical properties.