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| Application Area | Description | Regulatory Status | Market Trends |
|---|---|---|---|
| Pharmaceuticals | Used in the synthesis of various therapeutic agents. | Approved for use in several regions with monitoring requirements. | Increasing demand in drug development sectors. |
| Agriculture | Utilized in the development of agrochemicals. | Subject to environmental regulations in certain countries. | Growing focus on sustainable agricultural practices. |
| Environmental Science | Research in pollutants and their impacts on ecosystems. | Not restricted but requires ethical handling. | Increased funding for environmental research projects. |
| Cosmetics | Ingredient in formulations for skincare products. | Regulated as per cosmetic safety guidelines. | Shifting consumer preference towards natural ingredients. |