This chemical is primarily used as a precursor for N-heterocyclic carbenes (NHCs), which are highly valuable in organometallic chemistry and catalysis. It serves as a key ligand in the development of transition metal complexes, particularly in homogeneous catalysis for organic transformations such as cross-coupling reactions, hydrogenation, and polymerization processes. Its stability and steric bulk make it suitable for creating highly active and selective catalysts. Additionally, it finds applications in materials science, where it is used to synthesize advanced polymers and materials with tailored properties. Its role in asymmetric synthesis is also notable, enabling the production of chiral molecules for pharmaceuticals and fine chemicals.