Used primarily in organic electronics, this compound serves as a key material in the fabrication of organic light-emitting diodes (OLEDs) and organic photovoltaics (OPV) due to its excellent hole-transporting properties. Its application extends to the development of efficient and stable optoelectronic devices, contributing to advancements in display technologies, lighting solutions, and solar energy applications. Additionally, it is utilized in the synthesis of organic semiconductors, enhancing the performance of electronic components in various high-tech applications.