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| Application Area | Innovation Description | Benefits | Challenges |
|---|---|---|---|
| Biomedical Research | Used in the development of targeted drug delivery systems. | Improved effectiveness with reduced side effects. | Complex formulation processes. |
| Agriculture | Applied in creating bio-pesticides that are environmentally friendly. | Reduced chemical runoff and enhanced biodiversity. | Regulatory hurdles and market acceptance. |
| Material Science | Incorporated in developing advanced polymers with unique properties. | Lightweight, durable, and high chemical resistance. | Expensive production costs. |
| Environmental Science | Utilized in designing catalysts for pollution control. | Improved air quality and reduced greenhouse gas emissions. | Long-term effectiveness and maintenance issues. |