Used as a hole-transporting material in organic light-emitting diodes (OLEDs), this compound helps improve device efficiency and stability. Its rigid molecular structure supports high glass transition temperature, which enhances thermal stability in thin films. It is also employed in blue-emitting OLEDs due to its suitable energy levels and good film-forming properties. Additionally, it finds use in perovskite solar cells as a component in the hole-transport layer, contributing to improved power conversion efficiency.