Used as a solvent and chemical intermediate in the synthesis of pharmaceuticals and agrochemicals. Its esters are particularly valuable in the production of pesticides and herbicides due to their biodegradability and low toxicity. Also employed in the formulation of water-based coatings and inks, where it helps improve solubility and stability. Additionally, it finds use in the manufacture of biodegradable polymers and as a building block in organic synthesis for creating chiral compounds.