This chemical is primarily utilized as a solvent and intermediate in various industrial processes. Its unique structure makes it suitable for applications in the formulation of specialty chemicals, where it aids in dissolving or stabilizing other compounds. It is often employed in the production of coatings, adhesives, and sealants, where it enhances performance by improving flow and consistency. Additionally, it finds use in the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical industries, where it acts as a building block for more intricate compounds. Its stability and low reactivity under normal conditions make it a reliable choice for these applications.