This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting inflammatory and autoimmune diseases. Its adamantyl group contributes to enhanced lipophilicity, which can improve the compound's ability to cross cellular membranes, making it valuable in drug design. Additionally, it has been explored for its potential in developing treatments for conditions like rheumatoid arthritis and other chronic inflammatory disorders. Its unique structure also makes it a candidate for studying enzyme inhibition and receptor modulation in biochemical research.