Used as a catalyst in oxidation reactions, particularly in the epoxidation of alkenes and hydroxylation of C–H bonds. It mimics cytochrome P450 enzymes, making it valuable in biomimetic oxidation processes. Effective in both homogeneous and immobilized systems, it supports green chemistry approaches when paired with eco-friendly oxidants like hydrogen peroxide or molecular oxygen. Also employed in environmental applications for degradation of organic pollutants.