Methanol is widely used as a solvent in various industries, including pharmaceuticals, paints, and coatings, due to its ability to dissolve many organic compounds. It serves as a key component in the production of formaldehyde, which is essential for manufacturing plastics, adhesives, and resins. In the energy sector, methanol is utilized as a fuel additive and as a clean-burning fuel in vehicles and marine engines. It is also a critical raw material in the synthesis of acetic acid and other chemicals. Additionally, methanol plays a role in wastewater treatment as a denitrification agent. Its versatility extends to being a reagent in laboratories and a component in antifreeze solutions.