This compound is primarily utilized in the field of organic electronics due to its excellent hole-transporting properties. It is commonly employed as a material in organic light-emitting diodes (OLEDs) to enhance device efficiency and stability. Additionally, it finds application in the fabrication of organic photovoltaics (OPVs) where it improves charge carrier mobility and overall performance. Its ability to form stable thin films makes it suitable for use in various optoelectronic devices, contributing to advancements in energy-efficient lighting and renewable energy technologies.