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| Application Area | Description | Benefits | Research Status |
|---|---|---|---|
| Pharmaceuticals | Used in drug formulation and delivery systems. | Enhanced bioavailability and controlled release. | In clinical trials for several formulations. |
| Cosmetics | Component in skin care products for hydration. | Improved skin texture and moisture retention. | Approved for use in personal care products. |
| Agriculture | Utilized in the formulation of pesticides and fertilizers. | Increased efficacy and reduced environmental impact. | Undergoing regulatory assessment for new applications. |
| Food Industry | Employed as a food additive for preservation. | Extends shelf life and enhances flavor. | Approved by food safety authorities. |