multi module npm build with common dependency in parent package.json - reactjs

Question

I have a project with reactjs which has parent folder and subfolder. Parent folder and each sub folder contains package.json.
When doing npm install on parent I am building subfolders also. But the problem is npm istall is taking more time because, in subfolder package.json has duplicate entry as parent package.json.
ParentFolder
--SubFolder1
package.json
--SubFolder2
package.json
package.json
Parent package.json
{
"name": "parent",
"dependencies": {
"react": "^16.8.6",
"react-dom": "^16.8.6",
"react-scripts": "3.0.0"
},
"scripts": {
"subfolder1-build": "cd SubFolder1 && npm install && npm run-script build",
"subfolder2-build": "cd SubFolder1 && npm install && npm run-script build"
}
}
Subfolder1 package.json
{
"name": "Subfolder1",
"version": "0.1.0",
"private": true,
"dependencies": {
"react": "^16.8.6",
"react-dom": "^16.8.6",
"react-scripts": "3.0.0"
},
"scripts": {
"start": "react-scripts start",
"build": "react-scripts build",
"test": "react-scripts test",
"eject": "react-scripts eject"
},
"eslintConfig": {
"extends": "react-app"
},
"browserslist": {
"production": [
">0.2%",
"not dead",
"not op_mini all"
],
"development": [
"last 1 chrome version",
"last 1 firefox version",
"last 1 safari version"
]
}
}
In subfolder1 package.json i have duplicate dependencies as parent package.jso
"react": "^16.8.6",
"react-dom": "^16.8.6",
"react-scripts": "3.0.0"
I am newbie to npm. Is it possible to add the common dependency in parent package.json and add only required dependency in subfolder package.json and how to refer the parent npm module in subfolder package.json?