Used primarily in organic electronics, this compound serves as a key building block in the synthesis of hole-transport materials for OLEDs (organic light-emitting diodes). Its structure supports efficient charge transport and high thermal stability, making it suitable for use in blue-emitting OLED devices. It is also employed in perovskite solar cells as a component of hole-transport layers, contributing to improved device efficiency and stability. Additionally, derivatives of this compound are explored in optoelectronic applications due to their favorable energy level alignment and film-forming properties.