This chemical is widely used in the field of organic electronics due to its excellent hole-transporting properties. It is commonly employed as a key component in organic light-emitting diodes (OLEDs), where it enhances device efficiency and stability. Additionally, it is utilized in organic photovoltaic (OPV) cells to improve charge carrier mobility and overall performance. Its ability to form stable thin films makes it suitable for use in various optoelectronic applications, including sensors and transistors. The compound's unique structure also allows for tuning of its electronic properties, making it versatile for advanced material research.