Used primarily in the production of organic light-emitting diodes (OLEDs), this compound serves as a hole-transporting material. Its structure enhances device efficiency by improving charge carrier mobility. Additionally, it is employed in the synthesis of advanced electronic materials, contributing to the development of high-performance displays and lighting technologies. Its stability and electronic properties make it suitable for use in photovoltaic cells, where it aids in optimizing energy conversion. The compound is also explored in research for potential applications in organic semiconductors and optoelectronic devices.