Used primarily as a reagent in organic synthesis, this compound is valuable for introducing the adamantyl group into molecules, enhancing their stability and rigidity. It is commonly employed in the preparation of pharmaceuticals, particularly in the development of antiviral and neurological drugs, where the adamantane structure plays a crucial role in biological activity. Additionally, it serves as a key intermediate in the production of advanced materials, such as polymers and coatings, where its unique structure contributes to improved thermal and chemical resistance. Its application also extends to research settings, where it is utilized to study reaction mechanisms and develop novel chemical entities.