This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a valuable boronic ester reagent, enabling the formation of carbon-carbon bonds in the construction of complex molecules. Its application is significant in pharmaceutical research, where it aids in the development of drug candidates by facilitating the introduction of pyrazole moieties into target structures. Additionally, it is employed in materials science for the synthesis of advanced organic materials, including polymers and small molecules with tailored properties. The morpholinoethyl group enhances its solubility and stability, making it a versatile intermediate in various chemical transformations.