What all are you seeing?
I did have a problem after updating LRC to 11.3.1. My workstation is running Monterey 12.3.1, What I experienced was I'd start LRC --> immediate crash.
Searching the 'net, it appears the issue is fairly common. I tried the common 'fixes', Trash my preferences, etc. No love.
What worked was uninstalling Photoshop and LRC, rebooting, and reinstalling.
I use these apps everyday, it's core to my work... I'm really happy with everything, and happy to report it's very stable. I wouldn't give up, try uninstalling everything and reinstall.