Used primarily in the field of organic electronics, this compound serves as a key material in the production of hole-transport layers (HTLs) in organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) devices. Its ability to facilitate efficient charge transport makes it valuable in enhancing the performance and stability of these devices. Additionally, it is employed in the synthesis of advanced polymers and as a building block for creating electroactive materials in research and industrial applications. Its role in improving energy efficiency and device longevity is significant in the development of next-generation electronic and optoelectronic technologies.