Used primarily in the field of organic electronics, this compound serves as a key material in the development of organic light-emitting diodes (OLEDs) due to its excellent hole-transporting properties. Its bulky tert-butyl groups enhance solubility and prevent unwanted crystallization, making it suitable for use in thin-film applications. Additionally, it is employed in the synthesis of advanced polymers and as a stabilizer in various chemical processes to improve thermal and oxidative stability. Its unique structure also makes it a candidate for research in photovoltaics, where it can contribute to the efficiency of solar cells.