Hi
I have a use case where I should navigate from my interface to another application and should create an object and after saving the changes, once it is saved it should again redirect back to interface
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Your best bet for this would be to call a Record Action from that other Application in your source application.
Could you please explain in detail
Perhaps I misunderstood what you meant.
From Application A, call the "Create Object" Record Action from Application B. Once you finish the action, you should go back to Application A.
The downside to this approach is that it couples your applications together.