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| Application Area | Description | Current Trend | Notes |
|---|---|---|---|
| Pharmaceuticals | Used in the synthesis of various therapeutic agents. | Increasing demand for drug development. | Focus on targeted therapies. |
| Agriculture | Utilized in the formulation of pesticides. | Growing emphasis on sustainable farming. | Regulatory challenges in certain regions. |
| Material Science | Involved in creating advanced materials. | Rising interest in nanomaterials. | Research collaborations expanding. |
| Cosmetics | Incorporated in skincare products. | Trend towards natural ingredients. | Consumer awareness increasing. |