This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of complex organic molecules, especially in pharmaceutical research and development. The boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biologically active compounds. Additionally, its morpholinomethyl moiety can enhance solubility and bioavailability, which is crucial in drug design. It is also employed in material science for the development of advanced polymers and functional materials.