Used as a hole-transporting material in organic light-emitting diodes (OLEDs), this compound helps improve device efficiency and stability by facilitating the injection and transport of positive charges. Its molecular structure supports high glass transition temperature and good film-forming properties, making it suitable for use in thin-film layers of display and lighting technologies. Additionally, it is employed in perovskite solar cells to enhance charge extraction and reduce recombination losses, contributing to higher power conversion efficiency.