Used as a solvent in various industrial applications, particularly in the production of paints, coatings, and resins due to its ability to dissolve a wide range of organic materials. Commonly employed in the formulation of adhesives and cleaning agents because of its moderate evaporation rate and effectiveness in removing oils and greases. Also utilized in the flavor and fragrance industry as a component in synthetic fruit flavors, contributing to banana and apple-like notes. Plays a role in organic synthesis as an intermediate in the preparation of other ketones and oxygen-containing compounds. Its relatively low toxicity and good solvency make it suitable for use in some consumer products and specialty applications.