If you're chemically sensitive, it's probably not a good idea to get it installed, but it's also not a good idea to breathe musty air from the crawl space either. In addition, your house and its contents are made of lots of materials that affect your indoor air quality. If you're really concerned about this, hire a company to test your air and tell you what you can do about it.
My other question was gonna be this. We ripped all the drywall out after Hurricane Harvey and we found some latent termite damage from some time back. One of the common studs in one corner is pretty well eaten to shreds. I was gonna brace it but then I read about more modern framing practices and I read how each stud is a thermal bridge. So now I'm thinking that I won't bother with it because the house hasn't fallen down and the foam might help a little. Unless you say to brace the stud. Then I'll do it, Martin! :)