Used as a solvent for inks, paints, and epoxy resin coatings due to its ability to dissolve various substances. It serves as a preservative in cosmetics and personal care products, preventing microbial growth. In pharmaceuticals, it acts as a local anesthetic and antiseptic. It is also utilized in the synthesis of esters for fragrances and flavors. Additionally, it functions as a precursor in the production of other chemicals, such as benzyl esters and ethers. It is used as a flavoring agent in the food industry to enhance taste and aroma in certain products.