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| Application Field | Application Description | Industry Impact | Recent Advancements |
|---|---|---|---|
| Pharmaceuticals | Used as an intermediate in the synthesis of various active pharmaceutical ingredients. | Significant advancements in drug formulation and delivery systems. | Innovations in controlled release mechanisms. |
| Agriculture | Applied in the development of agrochemicals and pesticides. | Enhances crop yield and pest resistance. | Biopesticide formulations gaining popularity. |
| Cosmetics | Utilized in the formulation of skin care and hair care products. | Improves product stability and effectiveness. | Sustainable ingredients being researched for eco-friendly products. |
| Food Industry | Employed as a food additive and preservative. | Enhances shelf life and safety of food products. | New extraction methods being explored for natural additives. |