Used primarily in organic electronics, this compound functions as a highly efficient hole-transporting material in OLEDs (organic light-emitting diodes). Its extended π-conjugated structure enhances charge carrier mobility, improving device efficiency and brightness. It is also employed in perovskite solar cells to facilitate hole extraction, contributing to higher power conversion efficiencies. Due to its thermal stability and good film-forming properties, it is suitable for use in thin-film layers fabricated by solution processing or vacuum deposition. Additionally, it serves as a dopant-free hole transporter in solid-state dye-sensitized solar cells, reducing complexity and improving long-term stability.