Widely used as a highly active catalyst in cross-coupling reactions, especially in palladium-catalyzed transformations such as Suzuki-Miyaura, Heck, and Negishi couplings. Its bulky N-heterocyclic carbene (NHC) ligand provides exceptional thermal stability and enhances catalytic efficiency, even at low catalyst loadings. Commonly employed in the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and functional materials, where high turnover numbers and tolerance to various functional groups are required. The presence of the allyl group facilitates easy activation under mild conditions, making it suitable for use in both academic and industrial research settings.