Used as a solvent in industrial applications, particularly in the formulation of paints, coatings, and adhesives due to its ability to dissolve a wide range of organic materials. It serves as a precursor in the synthesis of dyes, perfumes, and pharmaceuticals. Commonly employed in research laboratories as a reference compound in chromatography and spectroscopy. Also found in some fuel blends to improve octane ratings and combustion efficiency. Its aromatic nature makes it useful in the production of resins and plasticizers.