Used as a solvent in the production of resins, varnishes, and pigments. Serves as a key feedstock in manufacturing formaldehyde, which is essential for plastics, adhesives, and insulation materials. Employed as a denaturant for ethanol, making it unsuitable for consumption. Acts as a fuel or fuel additive in some racing cars and industrial burners due to its clean-burning properties. Utilized in wastewater treatment as a carbon source for denitrifying bacteria. Also functions as an antifreeze in pipelines and cooling systems because of its low freezing point. Widely used in the synthesis of biodiesel through transesterification of fats and oils.