Used as a solvent in the production of coatings, resins, and inks due to its ability to dissolve various organic compounds. It serves as a raw material in the synthesis of plasticizers, which enhance the flexibility of plastics. In the fragrance industry, it is utilized as a component in the formulation of perfumes and cosmetics, providing a mild, fatty odor. Additionally, it acts as an intermediate in the manufacture of surfactants and detergents, improving their cleaning efficiency. In chemical research, it is employed as a standard in partition coefficient studies to measure hydrophobicity. It also finds use as a defoaming agent in industrial processes.