Sphagnum is an important bryophyte. Consider the

Solution

Sol. Statements 1 and 2 are correct. Sphagnum is a moss that forms peat, which is used as fuel. Its spongy nature makes it useful for transportation of moisture-sensitive goods. Statement 3 is incorrect as it is not directly used in antibiotic synthesis. Information Booster:

1. Sphagnum is also called "peat moss."
2. It is widely used in horticulture as a soil conditioner.
3. It retains moisture and is suitable for seed germination.
4. It helps in bog formation.
5. Peatlands act as carbon sinks, reducing atmospheric CO2.