This chemical is widely used in the field of organic electronics due to its excellent hole-transporting properties. It is commonly applied in the fabrication of organic light-emitting diodes (OLEDs) and photovoltaic devices, where it enhances device efficiency by facilitating the movement of positive charges. Additionally, it serves as a key component in the development of electrochromic materials, which are used in smart windows and displays to control light transmission. Its stability and conductivity make it a valuable material in advanced electronic applications.