Used primarily in the synthesis of organic electronic materials, this compound plays a key role in the development of optoelectronic devices. It is often employed as a building block in the creation of hole-transporting materials for organic light-emitting diodes (OLEDs) and perovskite solar cells. Its structural properties make it suitable for enhancing the efficiency and stability of these devices. Additionally, it is utilized in the preparation of dyes and pigments, contributing to the vibrant colors in various applications. Its role in advanced material science underscores its importance in the ongoing innovation of high-performance electronic and photonic systems.