Used in organic electronics as a hole-transport material due to its stable oxazole core and extended π-conjugation, enabling efficient charge mobility in OLEDs and perovskite solar cells. Its rigid indeno-oxazole framework enhances thermal stability and film uniformity. Also employed as a chiral scaffold in asymmetric synthesis, where the stereocenters at 3aS and 8aR support enantioselective transformations. The phenylpyridine moiety allows metal coordination, making it useful in luminescent complexes for sensors and optoelectronic devices.