Used primarily as a solvent in various industrial applications due to its ability to dissolve a wide range of organic compounds. It is also employed in the synthesis of specialty chemicals, particularly in the pharmaceutical and agrochemical industries, where it serves as an intermediate in the production of complex molecules. Additionally, its properties make it suitable for use in certain types of chemical reactions that require a non-reactive, stable medium. In some cases, it is utilized in the formulation of coatings and adhesives, providing excellent solvency and evaporation rates. Its unique chemical structure also makes it a candidate for research and development in advanced material science.