This compound is primarily utilized in the synthesis of pharmaceutical agents, particularly those targeting neurological and antiviral applications. Its adamantane moiety is known for enhancing drug stability and bioavailability, making it valuable in developing treatments for conditions like Parkinson's disease and influenza. Additionally, it serves as a key intermediate in the production of amantadine derivatives, which are effective in managing viral infections and neurodegenerative disorders. Its unique structure also allows for potential applications in drug delivery systems, improving the efficacy of therapeutic compounds.