Used as a solvent and coupling agent in coatings, inks, and cleaning formulations due to its ability to blend polar and non-polar components. Its hydrophilic nature improves flow and wetting properties in paint and varnish systems. Also serves as an intermediate in organic synthesis, particularly in reactions requiring protected alcohol functionalities. Found in some industrial cleaners and degreasers where solvency for both water and oil-based soils is needed.