Fungi, thanks to their non-specific enzymes, are able to break down many kinds of substances including pharmaceuticals and fragrances that are normally recalcitrant to bacteria degradation, such as paracetamol (also known as acetaminophen). For example, using Mucor hiemalis, the breakdown of products which are toxic in traditional water treatment, such as phenols and pigments of wine distillery wastewater, X-ray contrast agents, and ingredients of personal care products, can be broken down in a non-toxic way.
Mycoremediation is a cheaper method of remediation, and it doesn't usually require expensive equipment. For this reason, it is often used  in small scale applications, such as mycofiltration of domestic wastewater, and industrial effluent filtration.
According to a 2015 study, mycoremediation can even help with the polycyclic aromatic hydrocarbons (PAH) soil biodegradation. Soils soaked with creosote contain high concentrations of PAH and in order to stop the spread, mycoremediation has proven to be the most successful strategy.