diff --git a/bom/application/pom.xml b/bom/application/pom.xml
index fb56580381c37..3a74af16f6478 100644
--- a/bom/application/pom.xml
+++ b/bom/application/pom.xml
@@ -158,7 +158,7 @@
         <azure-functions-java-library.version>2.2.0</azure-functions-java-library.version>
         <azure-functions-java-spi.version>1.0.0</azure-functions-java-spi.version>
         <kotlin.version>1.8.21</kotlin.version>
-        <kotlin.coroutine.version>1.6.4</kotlin.coroutine.version>
+        <kotlin.coroutine.version>1.7.1</kotlin.coroutine.version>
         <kotlin-serialization.version>1.5.0</kotlin-serialization.version>
         <dekorate.version>3.6.0</dekorate.version> <!-- Please check with Java Operator SDK team before updating -->
         <maven-invoker.version>3.2.0</maven-invoker.version>