Adamantylbenzoic acid (I) was converted to acid chloride (II) on treatment with SOCl2, and subsequently condensed with allyl p-hydroxybenzoate (III) in the presence of Et3N to afford the benzoyloxybenzoic ester (IV). The allyl ester was then cleaved by refluxing in aqueous ethanol in the presence of tris(triphenylphosphine)rhodium chloride to yield the title compound.