IFC format in Revit is a powerful tool that enhances interoperability in BIM software. It allows for seamless exchange of data between different design and construction programs, enabling better collaboration and coordination among project stakeholders. By utilizing IFC format, Revit users can ensure that their models can be easily shared and integrated with other software applications, improving overall project efficiency and reducing errors. Understanding the capabilities of IFC format in Revit is crucial for maximizing the benefits of BIM technology and streamlining the construction process.