Used primarily in organic electronics, this compound serves as an intermediate in the synthesis of advanced materials for OLEDs (organic light-emitting diodes). Its structure supports charge transport properties, making it valuable in developing hole-transport materials and emissive layers. It is also employed in the preparation of pharmaceuticals and agrochemicals due to its carbazole backbone, which is known for biological activity. In research, it acts as a building block for creating complex polyaromatic systems through cross-coupling reactions like Suzuki or Ullmann reactions.