This chemical is primarily used as a solvent in various industrial applications due to its ability to dissolve a wide range of substances. It is particularly effective in the production of polymers and resins, where it aids in the synthesis and processing of these materials. Additionally, it serves as a reaction medium in organic synthesis, facilitating the formation of complex molecules in pharmaceutical and chemical manufacturing. Its stability and low volatility make it suitable for high-temperature processes, ensuring consistent performance in demanding environments.