Solution
You will need to go into LabVIEW.ini file and add the configuration setting NewAppBuilderCache.Enabled=False, setting it to false forcing it to use legacy mode application builder.
File path to find LabVIEW.ini:
- For 32-bit editions, C:\Program Files (x86)\National Instruments\<LabVIEW version>\
- For 64-bit editions, it is C:\Program Files\National Instruments\<LabVIEW version>\