Used as a catalyst in oxidation reactions, particularly in the epoxidation of alkenes and hydroxylation of C–H bonds. Exhibits high selectivity and activity under mild conditions when paired with oxidants like hydrogen peroxide or iodosylbenzene. Applied in fine chemical synthesis for producing chiral epoxides and oxygenated intermediates. Also studied in biomimetic systems to model cytochrome P450 enzyme activity. Shows potential in environmental applications for the degradation of organic pollutants through oxidative pathways.