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 also serves as a chemical intermediate in the synthesis of dyes, resins, and other specialty chemicals. In some cases, it is employed in the production of high-octane fuels and as a component in calibration mixtures for gas chromatography. Its relatively low reactivity and stable aromatic structure make it suitable for use in laboratory settings as a reference compound or reaction medium.