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| Application Area | Usage Description | Potential Innovations | Regulatory Status |
|---|---|---|---|
| Pharmaceuticals | Used as an active ingredient in novel therapies | Targeted drug delivery systems | Registered with regulatory bodies |
| Cosmetics | Employed in skincare formulations for enhanced absorption | Sustainable and eco-friendly formulations | Compliant with cosmetic regulations |
| Agriculture | Utilized in pesticide formulations for improved efficacy | Biopesticide development | Under evaluation for safety |
| Industrial Applications | Acting as a key component in manufacturing processes | Innovative production techniques | Regulations met for industrial use |