This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a key reagent for forming carbon-carbon bonds. Its boronic acid group enables it to couple with various aryl halides, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it finds application in the development of sensors and probes for detecting specific biomolecules due to its ability to interact with diols and other functional groups. Its thiomorpholine moiety can also enhance solubility and stability in certain reaction conditions, broadening its utility in complex synthetic pathways.