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Network function virtualization (NFV) has the potential to fundamentally transform conventional network architecture through the decoupling of software from dedicated hardware. The convergence of virtualization and cloud computing technologies has revolutionized the networking landscape, offering a wide range of advantages, including improved flexibility, manageability, and scalability. The importance of network capability in enabling ultra-low latency applications has been greatly amplified in the current era due to the increased demand for emerging services such as autonomous driving, teleoperated driving, virtual reality, and remote surgery. This paper presents a novel and efficient methodology for service function chaining (SFC) in an NFV-enabled network that aims to minimize latency and optimize the utilization of physical network resources, with a specific focus on ultra-low latency applications. In our proposed methodology, we offer flow prioritization and an adjustable priority coefficient factor (µ) to reserve a portion of physical network resources exclusively for ultra-low latency applications in order to optimize the deployment paths of these applications further. We formulate the SFC deployment problem as an integer linear programming (ILP) optimization model. Furthermore, we propose a set of heuristic algorithms that yield near-optimal solutions with minimal optimality gaps and execution times, making them practical for large-scale network topologies. Performance evaluations demonstrate the effectiveness of our proposed methodology in enabling ultra-low latency applications in an NFV-enabled network. Compared to existing …