Used as a highly active catalyst in homogeneous catalysis, particularly in transfer hydrogenation and C–H activation reactions. Its robust structure allows for efficient performance under mild conditions, making it valuable in pharmaceutical synthesis where selective transformations are critical. The presence of N-heterocyclic carbene ligands enhances stability and catalytic efficiency, enabling reactions with low catalyst loading. It is also employed in the development of asymmetric synthesis methods, contributing to the production of chiral intermediates in fine chemicals and drug manufacturing.