'far reaching application' is correct and usable in written English.
It can be used to refer to something that has a wide scope and impact beyond its initial purpose. For example, "The internet has had far reaching application across a number of industries."
Zhao believes the research will have far reaching applications in both science and industry.
It's still in its infancy but already some pioneering new findings could have far reaching applications.
Such work is currently phenomenologic, but analysis of data derived from genomics and proteomics, identifying the crucial control signals involved, will soon provide a further impetus to stem cell biology with far reaching applications.
Having established the favorable membrane permeability and low nonspecific background staining of CMA-BODIPYs, we expect that these and related MayaFluors will have far reaching applications for rapid and specific imaging of elusive biological targets in living cells.
Although we take signal times into account, but this approach has a far more reaching application in urban network control and design.
But soon our technology will be far reaching with applications in global food production, humanitarian relief planning, alternative energy, military strategy timing, disease (malaria, upper respiratory ailments, allergy, etc).
The extent of knowledge regarding CDV and its effects is clearly demonstrated in the well-monitored Ethiopian wolf populations, resulting in suggested conservation solutions that are far reaching in their potential application to other susceptible threatened carnivore species.
Changes to data structures are disruptive, and can have a far reaching impact on existing applications and members of a software development team.
Translational research is therefore inherently bidirectional and far reaching in its scope and applications.
Such data extraction for other drugs and/or conditions and its application to research has the potential for far reaching benefits beyond the study of antimicrobial prescribing.
The implication for the potential industrial application of autoxidation for ring-opening of multinuclear aromatics is far reaching.
