This chemical is primarily utilized in the development of organic light-emitting diodes (OLEDs) due to its excellent hole-transporting properties and high thermal stability. It serves as a key component in the transport or emissive layers of OLED devices, enhancing their efficiency and longevity. Additionally, it is explored in the field of organic photovoltaics (OPVs) for its potential to improve the performance of solar cells by facilitating better charge separation and transport. Its unique molecular structure also makes it a candidate for use in advanced materials research, particularly in the synthesis of novel organic semiconductors, sensors, and energy storage devices.