This compound is primarily used in organic synthesis as a highly efficient catalyst, particularly in olefin metathesis reactions. It facilitates the formation of carbon-carbon double bonds, enabling the construction of complex molecular structures. Its stability and reactivity make it valuable in the synthesis of pharmaceuticals, polymers, and fine chemicals. The catalyst is especially effective in ring-closing metathesis, cross metathesis, and ring-opening metathesis polymerization, allowing for precise control over molecular architecture. Its application is crucial in industries aiming to develop advanced materials and bioactive compounds with high selectivity and yield.