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| Application Area | Description | Potential Use Cases | Regulatory Status | Research Developments |
|---|---|---|---|---|
| Pharmaceuticals | Used in drug formulations for its therapeutic properties. | Antibiotics, immunosuppressants. | Approved for use in several countries; ongoing evaluations. | Clinical trials ongoing for new formulations. |
| Agriculture | Utilized in pest control as an active ingredient in pesticides. | Crop protection, fungicides. | Under evaluation; some formulations registered. | Research focusing on environmental impact and efficacy. |
| Cosmetics | Integrated into skin care products for its beneficial effects. | Anti-aging creams, moisturizers. | Generally recognized as safe. | Innovations in delivery systems and formulations. |
| Food Industry | Used as a food additive for preservation. | Food preservation agents, flavor enhancers. | Regulated in various regions with specific guidelines. | Studies exploring natural alternatives and consumer safety. |