Used as a hole-transporting material in organic light-emitting diodes (OLEDs), this compound helps improve device efficiency and stability by facilitating the movement of positive charges. Its rigid, planar structure supports good thermal stability and film formation, making it suitable for use in blue-emitting OLEDs. It is also explored in organic thin-film transistors (OTFTs) and perovskite solar cells due to its favorable energy levels and charge transport properties.