This chemical is primarily utilized in the development of advanced organic electronic materials, particularly in the field of organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its structure, featuring conjugated biphenyl and methoxyphenyl groups, makes it an effective hole-transporting material, enhancing the efficiency and stability of these devices. Additionally, it is employed in the synthesis of dyes and pigments due to its ability to form stable, colored complexes. Its application in research for creating novel optoelectronic materials is also noteworthy, as it contributes to the advancement of sustainable and high-performance technologies.