I think cheshunt compound is ok to use , even under organic standards, being only copper sulphate and ammonium carbonate . I don't use any chemicals for my gardening , but cheshunt compound is one I would use if I had a greenhouse or polytunnel , as once you get damping off , it is a real bugger to get rid of. Copper sulphate is also mixed with lime and is then called Bordeaux mixture. Ammonium carbonate used to be used instead of baking soda , still is used for some recipes. Another use is also as smelling salts. So it should be ok unless there is some new evidence of it being dangerous to use.
cheers
Russ