Widely used in organic electronics, this compound serves as a key material in the production of organic light-emitting diodes (OLEDs). It functions effectively as a host material in blue phosphorescent OLEDs due to its high triplet energy level and good thermal stability. Its molecular structure supports efficient charge transport, enhancing device performance and longevity. It is also employed in the development of organic photovoltaics and field-effect transistors, where stable and efficient hole transport is required. Its compatibility with various dopants makes it valuable in tuning emission properties for display and lighting technologies.