This chemical is primarily utilized in the development of advanced organic electronic materials due to its excellent charge transport properties. It is commonly employed as a hole-transporting material in organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) devices, enhancing their efficiency and performance. Its structure allows for effective electron donation and stability, making it suitable for applications in energy-efficient displays and solar cells. Additionally, it is explored in the synthesis of electrochromic materials, which are used in smart windows and displays that change color in response to electrical stimuli. Its role in these technologies contributes to the advancement of sustainable and high-performance electronic systems.