Used primarily as a solvent in the production of resins, coatings, and adhesives due to its ability to dissolve various organic compounds. It is also employed in the synthesis of dyes, pharmaceuticals, and other specialty chemicals. In the petrochemical industry, it serves as a component in high-octane fuels to improve combustion efficiency. Additionally, it is utilized in the manufacture of plasticizers and as an intermediate in chemical reactions to produce more complex molecules. Its properties make it suitable for use in industrial cleaning agents and degreasers.