Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are essential for creating carbon-carbon bonds in pharmaceuticals and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in the production of complex organic molecules. Additionally, it finds applications in the development of biologically active compounds, including potential drug candidates, due to its ability to interact with various biological targets. Its morpholinoethyl moiety can enhance solubility and stability, making it suitable for use in medicinal chemistry research.