B3LYP is by far the most popular density functional in chemistry. Nevertheless, there is growing evidence, showing that B3LYP (1) degrades as the system becomes larger, (2) underestimates reaction barrier heights, (3) yields too low bond dissociation enthalpies, (4) gives improper isomer energy differences, and (5) fails to bind van der Waals systems, etc.
I. Y. Zhang, J. Wu and X. Xu, Chem. Commun., 2010, 46, 3057 DOI: 10.1039/C000677G
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