Widely used as a high-performance hole-transporting material in organic light-emitting diodes (OLEDs), this compound contributes to efficient electron blocking and enhances device efficiency due to its high triplet energy and excellent thermal stability. Its molecular structure supports effective hole injection and transport, making it particularly suitable for blue phosphorescent and thermally activated delayed fluorescence (TADF) OLEDs. It is also employed in perovskite solar cells to improve device stability and power conversion efficiency by facilitating effective charge extraction. Due to its amorphous nature and film-forming properties, it supports uniform layer deposition through vacuum processing, which is critical for high-performance optoelectronic devices.