Used primarily as a solvent in the production of coatings, paints, and varnishes due to its ability to dissolve a wide range of substances. It is also employed in the synthesis of plasticizers, which are additives that increase the flexibility of plastics. In the fragrance industry, it serves as an intermediate for creating various scents and flavors. Additionally, it finds application in the manufacture of lubricants and as a component in certain cleaning agents. Its properties make it suitable for use in industrial processes requiring stable and effective chemical reactions.