Used as a hole-transporting material in organic light-emitting diodes (OLEDs), this compound helps improve device efficiency and stability. Its rigid molecular structure supports high glass transition temperature, which enhances thermal stability in thin films. It is also employed in organic semiconductors and perovskite solar cells due to its excellent charge transport properties and ability to form uniform amorphous layers. Additionally, it serves as a host material for emissive layers in display technologies, contributing to longer device lifetimes and lower operating voltages.