This compound is primarily utilized in the development of pharmaceutical agents due to its unique structural properties. It serves as a key intermediate in the synthesis of drugs targeting neurological disorders, particularly those involving dopamine receptors. Its adamantane moiety enhances the compound's ability to cross the blood-brain barrier, making it valuable in the design of central nervous system (CNS) therapeutics. Additionally, it is explored in the creation of antiviral medications, leveraging its potential to inhibit viral replication mechanisms. Researchers also investigate its use in organic synthesis for constructing complex molecules with potential biological activity.