Used in organic electronics, particularly in the development of organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), due to its favorable hole-transport properties and thermal stability. Its structure supports efficient charge transport and can be easily modified for use in semiconductor materials. Also investigated as a building block in pharmaceuticals for potential neuroprotective or anticancer agents. Commonly employed as a dopant or host material in emissive layers of OLED devices to enhance efficiency and device lifetime.