Used primarily in the development of organic light-emitting diodes (OLEDs) due to its excellent hole-transporting properties. It enhances the efficiency and stability of OLED devices, making it valuable in the production of displays and lighting technologies. Additionally, it serves as a key component in the synthesis of advanced materials for optoelectronic applications, including as a precursor for organic compounds in perovskite solar cells to improve light-to-electricity conversion efficiency, and in photodetectors. In materials science, it is used in the production of highly durable polymers with special thermal and electrical properties, suitable for high-stability and high-performance applications. Its ability to form stable thin films further supports its use in various electronic and photonic devices.