Used as a catalyst in olefin metathesis reactions, particularly effective in ring-closing metathesis (RCM) and cross-metathesis (CM) transformations. Exhibits high activity and stability under ambient conditions, making it suitable for synthesizing cyclic olefins and complex organic molecules in pharmaceutical and polymer chemistry. Tolerates a variety of functional groups, allowing its use in late-stage transformations of sensitive substrates. Often employed in academic and industrial research for developing new synthetic routes due to its ease of handling and reliable performance.