Used as a hole-transporting material in organic light-emitting diodes (OLEDs), this compound helps improve device efficiency and stability. Its molecular structure supports good thermal stability and film-forming properties, making it suitable for use in display and lighting technologies. It is particularly effective in blue-emitting OLEDs where balanced charge transport is critical. Also explored in perovskite solar cells for its ability to facilitate hole extraction and reduce recombination losses, contributing to higher power conversion efficiency.