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| Application Area | Description | Expected Trends | Regulatory Status | Research Findings |
|---|---|---|---|---|
| Pharmaceuticals | Utilized as an intermediate in the synthesis of active pharmaceutical ingredients. | Strong growth due to increasing demand in drug development. | Approved for use with specific restrictions. | Recent studies indicate improved efficiency in synthesis processes. |
| Agriculture | Potential use as a pesticide or herbicide. | Growing interest in environmentally friendly alternatives. | In design for approval under new regulations. | Field trials are currently being conducted. |
| Chemical Industry | Used in the production of specialty chemicals. | Steady demand in various applications. | No significant regulatory concerns. | Innovations in production methods are being researched. |
| Cosmetics | Explored for use in personal care formulations. | Increase in consumer demand for natural ingredients. | Not currently approved for use in cosmetics. | Ongoing safety assessments are being conducted. |