Used primarily in the production of organic light-emitting diodes (OLEDs) due to its excellent charge transport properties. It serves as a key component in the development of high-efficiency electroluminescent materials. Additionally, it is employed in the synthesis of photoconductive polymers, which are essential for photocopiers and laser printers. Its role in organic semiconductors also makes it valuable in the fabrication of photovoltaic cells, enhancing energy conversion efficiency. In the pharmaceutical industry, it acts as an intermediate in the synthesis of various bioactive compounds.