This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its adamantane structure is known to enhance the lipophilicity and stability of drug candidates, making it valuable in the development of treatments for conditions like Parkinson's disease and Alzheimer's disease. Additionally, it is explored in the design of antiviral agents due to its potential to inhibit viral replication. Researchers also investigate its role in creating novel compounds with anti-inflammatory and analgesic properties, contributing to advancements in pain management therapies.