This chemical is primarily utilized in the field of organic electronics, particularly in the development of organic light-emitting diodes (OLEDs). It serves as a key component in the synthesis of charge-transporting materials, enhancing the efficiency and stability of OLED devices. Additionally, it is employed in the production of photoconductive materials used in photocopiers and laser printers, where it aids in improving image quality and durability. Its application extends to the field of dye-sensitized solar cells (DSSCs), where it contributes to the enhancement of light absorption and energy conversion efficiency. Furthermore, it is explored in research for potential use in advanced coatings and adhesives, offering improved performance characteristics.