A new nickel(1) complex [Ni(L)] (1) [H2L = 1,1'-(1E,1'E)-(propane-1,3-diylbis(azan-l-yl-1-ylidene))bis(methan-1-yl-1-ylidene)dinaphthalen-2-ol] was synthesized and X-ray crystallographically characterized. 1 crystallizes in orthorhombic crystal system with Cmc21 space group. The unit cell dimensions of the crystal are a = 30.6345(4)angstrom, b = 8.45340(10)angstrom, c = 7.75180(10)angstrom. Structural analysis reveals a tetradentate chelation behaviour of the dianionic ligand H2L having a distorted square planar geometry around Ni(II) with NiN2O2 chromophore in 1. The title complex 1 behaves as an effective catalyst towards oxidation of 3,5-ditertiarybutyl catechol (3,5-DTBC) in acetonitrile to its corresponding quinone derivative in air. The reaction follows first-order reaction kinetics with rate constant 4.28 x 10(-5) min(-1). The reaction follows Michaelis-Menten enzymatic kinetics with a turnover number of (K-cat) 140.72h(-1) in acetonitrile.