Primarily utilized in the field of organic electronics, this compound plays a crucial role in the development of organic light-emitting diodes (OLEDs). Its ability to facilitate efficient hole transport makes it an essential component in the layers of OLED devices, enhancing their overall performance and energy efficiency. Additionally, it is employed in the fabrication of organic photovoltaic cells, where it contributes to the improvement of charge carrier mobility, thereby boosting the cells' power conversion efficiency. The compound's stability and electronic properties also make it a candidate for use in other optoelectronic applications, including sensors and organic field-effect transistors (OFETs).