This chemical is primarily utilized in the field of organic electronics, particularly in the development of organic light-emitting diodes (OLEDs). It serves as a hole-transporting material, enhancing the efficiency and stability of OLED devices. Its structure allows for effective charge transport, making it suitable for use in display technologies and lighting applications. Additionally, it is employed in the fabrication of organic photovoltaic cells, where it aids in improving the performance and longevity of solar energy conversion devices. Its role in these advanced materials underscores its importance in the ongoing evolution of energy-efficient and flexible electronic systems.