Disclosed is a compound of Formula 1 and an organic light emitting device using the same. ##STR00001## In Formula 1, R1 to R3 and X1 to X3 are as described in the specification. The compound of Formula 1 acts as a hole injection material, a hole transport material, a light emitting host, or a light emitting dopant in the organic light emitting device depending on the type of substituent.