Widely used in organic light-emitting diodes (OLEDs) as a hole-transporting material due to its excellent charge carrier mobility and thermal stability. Its structure enhances device efficiency and longevity in display and lighting technologies. Also employed in photovoltaics to improve the performance of organic solar cells by optimizing charge transport. Additionally, utilized in organic field-effect transistors (OFETs) for its semiconducting properties, contributing to advancements in flexible electronics.