Used primarily as a building block in pharmaceutical synthesis, this compound plays a key role in the development of drugs targeting central nervous system disorders. Its rigid adamantane backbone enhances lipophilicity and metabolic stability, making it valuable in designing active molecules for neurodegenerative diseases and antiviral agents. It is also employed in the preparation of NMDA receptor antagonists and dopamine reuptake inhibitors. Additionally, it serves as an intermediate in synthesizing adamantane-containing derivatives for research in medicinal chemistry.