Used as a solvent in the formulation of coatings, inks, and adhesives due to its moderate evaporation rate and good solvency for many resins. Employed in the production of plasticizers to improve the flexibility of polymers. Serves as an intermediate in the synthesis of esters used in fragrances and flavors, contributing fruity or floral notes. Also utilized in laboratory settings as a reagent or reference standard in analytical procedures.