Used as a highly efficient catalyst in olefin metathesis reactions, enabling the formation of carbon-carbon bonds in organic synthesis. Particularly effective in ring-opening metathesis polymerization (ROMP) of strained cyclic olefins, facilitating the production of functional polymers with controlled molecular weights and narrow polydispersity. Its stability under various reaction conditions makes it suitable for industrial-scale polymer synthesis and fine chemical manufacturing. Also employed in the development of advanced materials, including specialty coatings and conductive polymers, due to its ability to promote selective and rapid polymerization.