Used primarily as a solvent in the production of resins, coatings, and adhesives due to its ability to dissolve various organic compounds effectively. It serves as an intermediate in the synthesis of specialty chemicals, including fragrances, dyes, and pharmaceuticals. In the petroleum industry, it is utilized as an additive to improve fuel performance and stability. Additionally, it finds application in the manufacturing of polymers and plastics, where it acts as a reactive diluent or cross-linking agent. Its high boiling point and thermal stability make it suitable for high-temperature processes in industrial settings.