This catalyst is widely used in olefin metathesis reactions, a process crucial for creating carbon-carbon double bonds in organic synthesis. It is particularly effective in ring-closing metathesis, enabling the formation of cyclic compounds with high efficiency and selectivity. Additionally, it plays a key role in cross metathesis, allowing the coupling of different alkenes to produce complex molecules. Its application extends to polymer chemistry, where it facilitates the synthesis of advanced materials with tailored properties. The catalyst is also employed in the pharmaceutical industry for the development of drug candidates, offering a versatile tool for constructing intricate molecular structures. Its stability and reactivity make it a preferred choice for researchers and industrial chemists working on innovative synthetic pathways.