This chemical is primarily utilized as a precursor or intermediate in the synthesis of N-heterocyclic carbenes (NHCs), which are widely employed in organometallic chemistry and catalysis. Its stable structure and reactivity make it suitable for forming complexes with transition metals, enhancing catalytic efficiency in various organic transformations such as cross-coupling reactions, hydrogenation, and polymerization processes. Additionally, it finds application in the development of ionic liquids and as a stabilizing agent in materials science, particularly for creating advanced polymers and nanomaterials. Its role in catalysis and material synthesis underscores its importance in industrial and academic research.