The mesoionic compound (1,4-diphenyl-1,2,4-triazol-4-ium-3-yl)phenylazanide, commonly referred to as Nitron, has been employed as a "crypto-NHC" to afford 1,2,4-triazolylidene compounds of nickel, palladium, and iridium. Specifically, Nitron reacts with NiBr 2 , PdCl 2 , and [Ir(COD)Cl] 2 to afford the Nheterocyclic carbene complexes (Nitron NHC ) 2 NiBr 2 , (Nitron NHC ) 2 PdCl 2 , and (Nitron NHC )Ir(COD)Cl, respectively. The lattermost compound reacts with (i) CO to afford the dicarbonyl compound (Nitron NHC )Ir(CO) 2 Cl and (ii) CO, in the presence of PPh 3 , to afford the monocarbonyl compound (Nitron NHC )Ir(PPh 3 )-(CO)Cl. Structural studies on (Nitron NHC )Ir(COD)Cl and (Nitron NHC )Ir(CO) 2 Cl indicate that Nitron NHC has a stronger trans influence than does Cl; furthermore, IR spectroscopic studies on (Nitron NHC )Ir(CO) 2 Cl indicate that Nitron NHC is electronically similar to the structurally related Enders carbene but is less electron donating than imidazol-2-ylidenes with aryl substituents. Significantly, the Nitron NHC ligand affords catalytic systems, as illustrated by the ability of (Nitron NHC )Ir(CO) 2 Cl to effect (i) the dehydrogenation of formic acid, (ii) aldehyde hydrosilylation, (iii) dehydrocoupling of hydrosilanes and alcohols, and (iv) ketone reduction via transfer hydrogenation.