Used primarily in the development of organic light-emitting diodes (OLEDs), this compound acts as a hole-transporting material, enhancing the efficiency and performance of OLED displays and lighting. It is also employed in the synthesis of advanced organic semiconductors, contributing to the improvement of electronic devices such as solar cells and transistors. Additionally, its thermal stability and electron-donating properties make it suitable for use in photoconductive materials and as a component in various optoelectronic applications.