Used primarily in the field of organic electronics, this compound serves as a key building block in the synthesis of advanced materials. It is particularly valuable in the development of organic semiconductors, which are essential components in organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) cells. The compound’s structure allows for efficient charge transport, making it suitable for use in hole-transport layers, which are critical for improving the performance and efficiency of these devices. Additionally, its properties are leveraged in research focused on creating new materials for optoelectronic applications, where its stability and electronic characteristics are highly beneficial.