This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of novel therapeutic agents. Its structure, featuring an adamantane moiety, is particularly valuable in the development of drugs targeting neurological disorders, such as Alzheimer's disease and Parkinson's disease. The adamantane group enhances the compound's ability to cross the blood-brain barrier, making it effective for central nervous system applications. Additionally, it is explored for its potential anti-inflammatory and antiviral properties, particularly in the treatment of influenza and other viral infections. Researchers also investigate its role in modulating protein-protein interactions, which is crucial for developing treatments for various cancers and autoimmune diseases.