Widely used as a solvent in the production of resins, coatings, and adhesives due to its ability to dissolve various organic compounds effectively. It serves as a key intermediate in the synthesis of specialty chemicals, including dyes, fragrances, and pharmaceuticals. In the petroleum industry, it is utilized as an additive to improve fuel performance and stability. Additionally, it finds application in the manufacturing of polymers and plastics, contributing to their durability and chemical resistance. Its high boiling point and thermal stability make it suitable for use in high-temperature industrial processes.