The widespread practical applications of fuel cells depended on the rational development of state-of-the-art, readily accessible earth-abundant electrocatalysts for water-splitting reactions, hydrogen evolution reactions (HERs), and oxygen evolution reactions (OERs). This work demonstrated the utilization of nickel(II)−N-heterocyclic carbene (NHC) complex 4 encased multiwalled carbon nanotube (MWCNT) composites with extensive π−π stacking interactions as proficient and nonprecious bi-functional electrocatalysts for the HER and OER and for the sensitive detection of mercury. The nickel−NHC complex was characterized using NMR, Fourier-transform infrared spectroscopy (FT-IR), and field emission scanning electron microscopy (FESEM) techniques. The fabricated Ni−NHC− MWCNT catalysts exhibited significant enhancements in the HER, OER, and sensing performances, which are comparable to those of nanomaterials with decent durability in acidic, alkaline, and phosphate-buffered saline (PBS) electrolytes. The complex− MWCNT composite 4b displayed a notably lower Tafel slope value with overpotetials of −364 (HER) and 380 (OER) mV vs reversible hydrogen electrode (RHE) and larger double-layer capacitances (C dl ) of 5.9 and 3.4 mF cm −2 , respectively. The complex− MWCNT composite catalyst was highly durable for the HER and OER activities even after 2000 repeated Linear sweep voltammetry (LSV) cycles. Complex 4 and its MWCNT composite 4b demonstrated promising voltammetric responses in mercury-sensing applications over a linear range of 5−55 and 5−60 nM, respectively. Differential pulse voltammetry (DPV) exhibited a linear response for mercury at the modified electrode with limits of detection of 38.05 and 9.33 nM for 4 and 4b, respectively. Moreover, the stability, reproducibility, and repeatability of the fabricated HER and OER electrocatalysts were excellent, and the designed electrodes were successfully employed in electrocatalytic applications.