Used as a hole-transporting material in organic light-emitting diodes (OLEDs) due to its excellent charge-carrier mobility and stability. Enhances the efficiency and lifespan of OLED devices by facilitating the movement of positive charges within the organic layers. Also employed in perovskite solar cells to improve hole extraction and reduce energy loss, contributing to higher power conversion efficiency. Its molecular structure allows for good film-forming properties, making it suitable for solution-processed electronic devices. Additionally, it is explored in organic photovoltaics for its potential to optimize device performance through better charge transport.