Widely used in the field of organic electronics, this compound serves as a key material in the development of organic light-emitting diodes (OLEDs) due to its excellent hole-transporting properties. It enhances the efficiency and stability of OLED displays and lighting systems. Additionally, it is employed in the fabrication of organic photovoltaics (OPVs) to improve charge carrier mobility and overall device performance. Its role as a crosslinking agent in polymer chemistry also makes it valuable for creating high-performance, thermally stable materials. Furthermore, it finds application in research as a building block for synthesizing more complex organic compounds with tailored electronic properties.