Used primarily as a solvent in various industrial applications, it is effective in dissolving oils, fats, waxes, and resins. It is commonly employed in the production of plastics, rubber, and adhesives due to its ability to dissolve and mix different components. Additionally, it serves as a cleaning agent for metal surfaces and electronic components, removing grease and contaminants efficiently. In the pharmaceutical industry, it is utilized as an intermediate in the synthesis of certain drugs. Its volatility also makes it suitable for use in aerosol formulations. However, its use is regulated due to environmental and health concerns.