Used primarily in the field of organic electronics, this compound serves as a key material in the development of organic light-emitting diodes (OLEDs). Its ability to facilitate efficient charge transport makes it valuable in enhancing the performance of OLED displays and lighting systems. Additionally, it is employed in the synthesis of advanced organic semiconductors, contributing to the creation of more efficient and durable electronic devices. Its application extends to photovoltaics, where it helps improve the efficiency of organic solar cells by optimizing charge separation and transport.