Used primarily in organic electronics, this compound functions as a hole-transporting material in OLED (organic light-emitting diode) devices. Its structure supports efficient charge transport and good thermal stability, making it suitable for use in display technologies and lighting applications. It is also investigated as a component in perovskite solar cells, where it helps improve device efficiency and stability by facilitating effective hole extraction. Additionally, derivatives of this compound are explored in medicinal chemistry for their potential biological activity, particularly as kinase inhibitors in drug development.