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| Application Area | Description | Advantages | Challenges |
|---|---|---|---|
| Pharmaceuticals | Used in the synthesis of various therapeutic agents. | High efficacy and specificity in treatment. | Regulatory hurdles and lengthy approval processes. |
| Agriculture | Part of formulations for crop protection products. | Increased yield and efficient pest control. | Environmental impact and resistance issues. |
| Cosmetics | Ingredient in skincare and beauty products. | Enhances skin texture and appearance. | Potential for allergic reactions in sensitive individuals. |
| Materials Science | Utilized in developing advanced materials. | Improved material properties and durability. | High production costs and scalability issues. |