This compound is primarily utilized in the field of organic electronics, particularly in the development of optoelectronic devices. It serves as a hole-transporting material in organic light-emitting diodes (OLEDs) due to its excellent charge carrier mobility and stability. Additionally, it is employed in the fabrication of organic photovoltaics (OPVs) to enhance the efficiency of solar cells by facilitating the movement of positive charges. Its ability to form stable thin films makes it suitable for use in various electronic applications, including sensors and transistors. The compound's unique electronic properties also make it a candidate for research in advanced materials for energy conversion and storage technologies.