Used as a solvent and chemical intermediate in the synthesis of polymers, plastics, and resins. Commonly employed in the production of polyurethanes and alkyd resins due to its ability to improve flexibility and durability. Also serves as a humectant in cosmetic formulations, helping retain moisture in skin and hair products. Additionally, utilized in the fragrance industry as a carrier for flavor and scent compounds. Its low toxicity and biodegradability make it suitable for environmentally friendly formulations.