Utilizing hole-transporting materials (HTMs) to extract and transport holes from perovskite materials to the electrode remains essential in most perovskite solar cell (PSC) architectures. Developing cost-effective and efficient HTMs is essential for advancing PSC technology. We have synthesized a novel HTM, TPA-IDT-TPA, which has an extended fused ring as the core moiety called indacenodithiophene (IDT) and p-methoxy triphenylamine (p-mTPA) as terminal groups. TPA-IDT-TPA exhibits appropriate frontier molecular orbital (FMO) energy levels that match perovskite materials. Density functional theory (DFT) simulations were performed to comprehend the electronic, excited-state, and charge transport properties. The DFT results indicate that the extended π-conjugation, rigidity, and the central core ring of the HTM enhanced the π-π stacking, contributing to efficient charge transport. The PSC constructed with TPA-IDT-TPA achieves a device efficiency of 8.34%, with high values of JSC and VOC, which can be further enhanced through molecular optimization.