There are requirements in this credit that originated in LEED for Healthcare due to the extra concern about health in its development. They are, however, robust credits that could and arguably should apply to any applicable BD&C project.
Most major batt insulation manufacturers now have a competitive formaldehyde free product offering so this requirement is not heroic to meet and will contribute to the heath profile of any project, not just a healthcare project.
The exterior applied product VOC content restrictions are probably even more important to include in any project for their smog reduction potential as for the direct health impact on adjoining occupancies.