Used as a solvent in the production of paints, varnishes, and coatings due to its ability to dissolve various substances effectively. It is also employed in the manufacturing of dyes and pesticides, where it acts as a key intermediate. In the printing and rubber industries, it serves as a cleaning agent for equipment and machinery. Additionally, it plays a role in the synthesis of phthalic anhydride, a compound essential for producing plasticizers and resins. Its high solvency power makes it valuable in laboratories for chemical reactions and extractions. Proper handling and ventilation are crucial due to its flammable and toxic nature.