Widely used as a precursor for N-heterocyclic carbene (NHC) ligands in organometallic catalysis. It plays a key role in the development of highly active and selective transition metal catalysts, especially in cross-coupling reactions such as Suzuki-Miyaura and Heck reactions. The bulky dibenzhydryl groups enhance steric protection around the metal center, improving catalyst stability and preventing unwanted side reactions. It is particularly valued in ruthenium- and palladium-based catalytic systems for olefin metathesis and C–C bond formation. Due to its strong electron-donating properties, it helps increase catalytic efficiency under mild conditions, making it useful in pharmaceutical synthesis and fine chemical manufacturing.