This chemical is primarily utilized in the field of organic electronics, particularly in the development of organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its role is often as a hole-transporting material, which enhances the efficiency and stability of these devices. Additionally, it finds application in the synthesis of advanced materials, where its structural properties contribute to the creation of novel polymers and small molecules with tailored electronic characteristics. Its use in research and development of optoelectronic devices underscores its importance in advancing technology for displays, lighting, and solar energy conversion.