Used primarily in organic electronics, this compound serves as a key material in the production of organic light-emitting diodes (OLEDs). It functions effectively as a hole-transporting agent, helping to improve device efficiency and stability. Due to its rigid, bulky structure, it enhances thermal stability and prevents crystallization in thin films, making it ideal for use in display technologies and solid-state lighting. Its extended conjugated system supports efficient charge transport, which is critical for high-performance OLED devices.