This chemical is primarily used in organic synthesis as a highly efficient catalyst, particularly in olefin metathesis reactions. Its robust structure and stability make it suitable for facilitating the formation of carbon-carbon double bonds in complex molecules, which is essential in the production of pharmaceuticals, polymers, and fine chemicals. The compound's ability to operate under mild conditions and with high selectivity makes it a valuable tool in the development of advanced materials and bioactive compounds. Additionally, it is employed in the synthesis of natural products and in the modification of polymers to achieve specific properties. Its application extends to research and industrial processes where precise control over molecular architecture is required.