Widely used as a chiral N-heterocyclic carbene (NHC) precursor in asymmetric catalysis. It plays a key role in enantioselective transformations, particularly in the synthesis of chiral molecules for pharmaceuticals and fine chemicals. The compound is effective in transition-metal-catalyzed reactions such as asymmetric hydrogenation, carbon-carbon bond formation, and ring-closing metathesis when paired with suitable metal centers. Its steric and electronic properties can be fine-tuned to enhance enantioselectivity and reaction efficiency. Commonly employed in academic and industrial research settings for developing new catalytic methodologies with high stereocontrol.