Widely used in the production of organic light-emitting diodes (OLEDs) due to its excellent hole-transporting properties. It enhances the efficiency and stability of OLED devices, making it a key material in displays for smartphones, TVs, and other electronic screens. Additionally, it is employed in the development of photovoltaic cells, where it improves charge carrier mobility, contributing to better performance in solar energy applications. Its role in advanced electronic and optoelectronic devices underscores its importance in modern technology.