Provided a paracyclophane-based iridium complexes and the phosphorescent organic EL device employing the paracyclophane-based iridium complexes as light emitting dopant of emitting layer can display good performance like as lower driving voltage, power consumption, increasing efficiency and life time. Additional, the present invention provide the suitable emitting host (H1 to H8) to collocate with the energy level of paracyclophane-based iridium complexes for the present invention.