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 key component in the synthesis of advanced materials that enhance the efficiency and stability of OLED devices. Its structure allows it to function as a hole-transporting material, facilitating the movement of positive charges within the device, which is crucial for optimal performance. Additionally, it is employed in research focused on creating new semiconducting materials for applications in displays, lighting, and other optoelectronic devices. Its unique properties make it valuable for improving the lifespan and color accuracy of OLED screens in consumer electronics.