Used primarily in the production of organic light-emitting diodes (OLEDs), this compound serves as a key material in the development of high-performance electronic displays and lighting systems. Its ability to facilitate efficient charge transport and enhance electroluminescence makes it valuable in creating energy-efficient and vibrant screens for smartphones, TVs, and other devices. Additionally, it is employed in organic photovoltaic cells, contributing to advancements in solar energy technology by improving the efficiency of light-to-electricity conversion. Its stable chemical structure also makes it suitable for use in various research and industrial applications involving organic semiconductors.