Used primarily as a solvent in industrial applications, especially in processes where water resistance and stability are required. It is commonly found in paint strippers, varnishes, and adhesives due to its ability to dissolve a wide range of organic substances. Also serves as a stabilizer for chlorinated solvents, preventing decomposition during storage and transport. In laboratories, it is employed as a solvent for oils, waxes, and resins. Despite its utility, its presence in consumer products is limited due to health and environmental concerns, particularly its potential as a contaminant in water sources.