This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. Its boronic acid group facilitates the coupling with aryl or vinyl halides, making it valuable in pharmaceutical research for developing drug candidates. Additionally, the morpholine moiety enhances its solubility and stability, which is beneficial in various chemical processes. It is also employed in material science for creating advanced polymers and functional materials.