This compound is primarily utilized in the development of organic light-emitting diodes (OLEDs) due to its excellent hole-transporting properties. It enhances the efficiency and stability of OLED devices by facilitating the movement of positive charges within the organic layers. Additionally, it is used in the fabrication of organic photovoltaics (OPVs) to improve charge separation and transport, contributing to higher energy conversion efficiency. Its application extends to organic field-effect transistors (OFETs) where it serves as a key component in improving device performance and reliability.