Used in organic semiconductor materials due to its excellent hole-transport properties and thermal stability. Commonly employed in the production of OLEDs (organic light-emitting diodes) for display technologies and lighting applications. Serves as a building block in the synthesis of pharmaceuticals and biologically active compounds, particularly in developing kinase inhibitors and anticancer agents. Also utilized in photovoltaic cells as a component in donor materials for dye-sensitized solar cells. Its derivatization enhances luminescence efficiency and charge carrier mobility in electronic devices.