SOLVED: Parallels Toolbox does not launch on macOS Sierra 10.12.4

I know this is a beta version of the OS, but you might want to know about this issue so it can be fixed before the final version of the OS is released.
I have the most recent version of Parallels Toolbox installed but it refuses to launch. I can launch the individual tools in "/Applications/Parallels Toolbox Tools", but the application that's supposed to add an icon to the menu bar will not launch.

EDIT: I don't know what changed, but the Toolbox icon is now showing in the menu bar.

 

@DaveF2 , thank you for sharing this. And which version of Parallels Toolbox are you using?

 

I am using version 1.5.0 (753).

 

@DaveF2 Have you tried re-installing the app? If not, please refer to these articles- Uninstall & Install and let us know how it goes.

 

The icon for Parallels Toolbox is not showing in the menu bar. When I check activity monitor it is showing "Not Responding". I downloaded the latest version and uninstalled and reinstalled. It still shows "Not Responding". I am able to go into the package contents and run the individual tools manually. I really need the Parallels Toolbox to show in the menu bar.