This chemical is primarily utilized in the development of organic electronic devices, particularly in the fabrication of organic light-emitting diodes (OLEDs). Its structure makes it an excellent candidate for use as a hole-transporting material, which is crucial for enhancing the efficiency and performance of OLED displays. Additionally, it is employed in the creation of organic photovoltaic cells, where it aids in improving charge carrier mobility and overall device stability. Its application extends to research and development in advanced materials for next-generation optoelectronic technologies.