Used as a solvent in various industrial applications, particularly in the production of paints, coatings, and adhesives due to its moderate evaporation rate and good solvency. Commonly employed in the formulation of printing inks because it helps in achieving desired viscosity and drying times. Also utilized in the synthesis of other organic compounds, including pharmaceuticals and agrochemicals, where it acts as an intermediate. Found in some consumer products like nail polish removers and paint thinners because of its effectiveness in dissolving resins and polymers. Additionally, it occurs naturally in some foods and is used as a flavoring agent in trace amounts.