Used primarily in the development of organic light-emitting diodes (OLEDs), this compound serves as a hole-transport material due to its excellent charge carrier mobility. Its structure allows for efficient electron transfer, making it suitable for use in high-performance electronic devices such as displays and lighting systems. Additionally, it is employed in photovoltaic cells to enhance energy conversion efficiency. The material’s stability and ability to form thin films make it a valuable component in advanced optoelectronic applications.