This chemical is widely used as a solvent in various industrial applications due to its effective solvency properties. It is particularly valued in the formulation of coatings, paints, and varnishes, where it helps improve the flow and leveling of the final product. Additionally, it is utilized in cleaning agents and degreasers, where its ability to dissolve oils and greases makes it highly effective. In the production of inks and adhesives, it serves as a key component to enhance performance and stability. Its compatibility with a range of materials and its relatively low volatility make it a versatile choice in many chemical formulations.