This chemical is primarily used in the development of organic electronic materials, particularly in the field of organic light-emitting diodes (OLEDs). Its structure allows it to function as an efficient hole-transporting material, enhancing the performance of OLED devices by improving charge carrier mobility and stability. Additionally, it is utilized in the synthesis of advanced polymers and dyes, where its fluorescent properties contribute to the creation of high-performance optoelectronic materials. Its application in photovoltaics is also notable, as it aids in the development of more efficient solar cells by optimizing light absorption and energy conversion processes.