Used as a solvent in the production of coatings, inks, and resins due to its moderate evaporation rate and good solvency for many organic compounds. Commonly employed in the fragrance industry as a precursor or carrier for perfumes and flavorings because of its mild, alcohol-like odor. Also utilized in the synthesis of esters that serve as artificial flavor agents in food products. Occasionally found in cleaning formulations where a slightly hydrophilic solvent with low toxicity is preferred.