Primarily utilized in the field of organic electronics, this compound serves as a key component in the development of hole-transport materials. Its ability to efficiently conduct positive charges makes it valuable in the fabrication of organic light-emitting diodes (OLEDs), where it enhances device performance by improving charge carrier mobility. Additionally, it finds application in photovoltaics, particularly in organic solar cells, where it contributes to the optimization of energy conversion efficiency. Its stability and electronic properties also make it suitable for use in various research applications focused on studying charge transport mechanisms in organic semiconductors.