CloudFormation Stack Failure: Custom::CreateWorkspace in CREATE_FAILED State

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I am trying to create a workspace using AWS CloudFormation, but the stack fails with the following error:

"The resource CreateWorkspace is in a CREATE_FAILED state. This Custom::CreateWorkspace resource is in a CREATE_FAILED state. Received response status [FAILED] from custom resource."

How can I resolve this issue? Any insights would be greatly appreciated.