Used in organic synthesis, particularly in the development of advanced materials and pharmaceuticals. It serves as a key intermediate in the creation of compounds with potential biological activity, such as anti-inflammatory and antiviral agents. Its unique structure, combining adamantane and naphthalene moieties, makes it valuable for designing molecules with specific properties, including enhanced stability and binding affinity. Additionally, it is employed in research focused on fluorescence and photophysical studies due to its aromatic characteristics.