ehm, more treat it as a biohazard. Folks get anthrax and the like from stuff like that.
True story this. I was working in Glasgow, and the Pollok Fold of Highland cattle were on the scene. I spoke for a while with the fellow who managed/keepered them. He gave me some of their combings and I spun it up for him. The calves 'wool' is honey coloured and much softer than the hair on the adults.
Anyway, I eyed up those beautiful long horns, and he said that even though these beasts had the best of care, good vetinary services, etc., were pretty much as disease free as they could be, when they died or were put down, they had to be incinerated, because the horns were not considered 'safe' to use.....but crafts folks were importing dirty horns from the Indian subcontinent and the far east from buffalo and goats, while these beautiful ones go to waste. He said then that diseases such as anthrax, which is what killed the fellow who made drums and had been working with imported skins, were now much more likely because of this.
So, I think I'd find out about them as a biohazard.
Bone dust has been considered a food for a long while...bone meal still gets added to animal food, and gardens. I know an old farmer who claimed he ate the stuff as a child, and he grew hale and hearty.
I do know that when I made bone needles and Himself sanded them smooth, the blasted cat was all over us, so presumably it has an appeal.
I don't know how it'd do inside lungs though. Not well I suspect.
Antler used to be ground up for it's mineral content and added to vinegar to make a raising agent for light baking (hartshorn).