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| Application Area | Description | Development Stage | Key Considerations |
|---|---|---|---|
| Pharmaceuticals | Used in various drug formulations for therapeutic applications. | Pre-clinical Testing | Regulatory compliance, safety testing. |
| Agriculture | Utilized as a growth regulator in certain crops. | Field Trials | Environmental impact assessment, residue studies. |
| Chemical Synthesis | Serves as an intermediate in the synthesis of organic compounds. | Synthesis Optimization | Yield efficiency, purification methods. |
| Cosmetics | Incorporated in formulations for skin care products. | Formulation Development | Skin compatibility, stability testing. |