Used in organic electronics as a key intermediate in the synthesis of hole-transport materials for OLED devices. Its molecular structure supports efficient charge transport and thermal stability, making it suitable for use in emissive layers of blue and green organic light-emitting diodes. Also explored in pharmaceutical research for its potential as a scaffold in CNS-active compounds due to the presence of the carbazole and piperazine moieties, which are known to interact with neurological receptors. Additionally, it has potential applications as an intermediate in organic solar cells and in high-sensitivity chemical sensor systems.