This chemical is widely used in the field of organic electronics, particularly in the development of organic light-emitting diodes (OLEDs). Its structure makes it an effective hole-transporting material, enhancing the efficiency and stability of OLED devices. It is also utilized in the synthesis of advanced materials for optoelectronic applications, such as organic photovoltaics, due to its ability to facilitate charge transport. Additionally, it serves as a key intermediate in the preparation of high-performance polymers and coatings, contributing to improved durability and functionality in various industrial applications.