This chemical is primarily utilized in the field of organic electronics, particularly in the development of optoelectronic devices. It serves as a key component in the fabrication of organic light-emitting diodes (OLEDs), where it functions as a hole-transport material. Its ability to efficiently transport holes enhances the overall performance and efficiency of OLED displays and lighting systems. Additionally, it is employed in the creation of organic photovoltaic (OPV) cells, contributing to improved energy conversion efficiency in solar energy applications. Its stability and electronic properties make it a valuable material in advancing sustainable and high-performance electronic technologies.