For anyone working on a Legacy version of the macOS running Office 365 though there is a work around for Office OneDrive is a different story.
Microsoft phased out support for older versions of macOS in its OneDrive sync app since August 2024, the minimum required macOS version is macOS 13. When you install say build 16.88 (last know version for Monterey) it installs the latest version of OneDrive which then has the no entry sign in the apps folder.
