This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a boronic acid reagent to form carbon-carbon bonds. Its structure, featuring a thiomorpholine moiety, enhances its stability and reactivity in these reactions, making it valuable for constructing complex organic molecules, such as pharmaceuticals and agrochemicals. Additionally, it is employed in the development of boron-based drugs and as a building block in medicinal chemistry for targeting specific biological pathways. Its unique properties also make it useful in materials science for creating advanced polymers and functional materials.