Product development is the process of bringing novel ideas and solutions to market. It involves developing new offerings or improving existing ones to meet customer needs and achieve a competitive edge. In business, product innovation is essential for sustainability, as it allows companies to adapt to changing market dynamics and persist relevant.

Recent advancements in nanotechnology have yielded remarkable hybrid nanostructures composed of single-walled carbon nanotubes (SWCNTs), carbon quantum dots (CQDs), and iron oxide nanoparticles (FeO