Used primarily in the field of organic electronics, this compound serves as a key material in the development of organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its ability to facilitate hole transport makes it essential for enhancing the efficiency and performance of these devices. Additionally, it is employed in the synthesis of advanced polymers and as a building block for creating charge-transporting materials in various optoelectronic applications. Researchers also utilize it in the study of photophysical properties and charge transfer mechanisms in organic semiconductors.