This compound is primarily utilized as a precursor in the synthesis of N-heterocyclic carbenes (NHCs), which are widely employed as ligands in organometallic chemistry and catalysis. Its bulky adamantyl groups provide steric protection, enhancing the stability and reactivity of the resulting carbene complexes. These complexes are particularly valuable in homogeneous catalysis, including olefin metathesis, cross-coupling reactions, and polymerization processes. Additionally, the compound's unique structure makes it suitable for studying steric and electronic effects in catalytic systems, contributing to the development of more efficient and selective catalysts.