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 fuel additives to improve combustion efficiency. Additionally, it finds use in laboratories as a reagent or reference standard in analytical testing.