This compound is primarily utilized in the development of organic light-emitting diodes (OLEDs) due to its excellent hole-transporting properties. Its ability to facilitate the movement of positive charges within the device enhances the efficiency and performance of OLED displays. Additionally, it is employed in the synthesis of advanced materials for photovoltaic applications, where it contributes to improving the stability and efficiency of solar cells. The compound's unique structure also makes it a candidate for use in organic semiconductors and electronic devices, aiding in the creation of more flexible and lightweight technology.