Used primarily as a solvent and intermediate in organic synthesis, this compound facilitates reactions requiring mild conditions due to its stability and low reactivity. It is employed in the production of fragrances and flavorings, where it acts as a protecting group or carrier for sensitive aromatic components. Its lipophilic nature makes it suitable for use in specialty formulations such as coatings and adhesives, improving solubility and performance. Additionally, it finds use in laboratory settings for chromatography and extraction processes owing to its favorable volatility and inertness.