Used primarily in organic synthesis as a versatile intermediate for the production of pharmaceutical compounds. Its unique adamantane structure enhances the stability and bioavailability of drug molecules, making it valuable in the development of antiviral and neurological medications. Additionally, it serves as a building block in the creation of advanced materials, such as polymers and coatings, due to its rigid and thermally stable framework. Its hydroxyl and ketone functional groups allow for further chemical modifications, enabling tailored applications in medicinal chemistry and material science.