This chemical is primarily utilized in the field of organic electronics and materials science due to its unique structural properties. It serves as a key component in the development of organic light-emitting diodes (OLEDs), where it acts as a phosphorescent emitter or host material, enhancing the efficiency and stability of the device. Additionally, it is employed in the synthesis of advanced organic semiconductors, contributing to improved charge transport properties in electronic devices such as organic field-effect transistors (OFETs). Its application extends to catalysis, where it is used as a ligand in transition metal complexes for various organic transformations, including cross-coupling reactions, due to its strong electron-donating and steric properties.