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| Application Area | Description | Advantages | Challenges |
|---|---|---|---|
| Pharmaceutical Development | Utilized in the synthesis of key intermediates for drug formulation. | High efficiency in production and reduced synthesis time. | Regulatory compliance and quality assurance. |
| Agricultural Chemicals | Serves as a building block for agrochemical synthesis. | Enhanced crop yield and pest resistance. | Environmental impact and toxicity assessment. |
| Material Science | Incorporated in the development of advanced materials. | Improved durability and performance characteristics. | Cost of raw materials and processing techniques. |
| Cosmetic Formulations | Used in the formulation of skincare products. | Provides beneficial properties for skin health. | Stability and skin compatibility issues. |