This chemical is primarily utilized as a solvent in various industrial applications due to its excellent solvency properties and stability under different conditions. It is particularly effective in dissolving and processing fluorinated compounds, making it valuable in the production of specialty chemicals and polymers. Additionally, it is used as a cleaning agent in precision cleaning applications, especially in the electronics and semiconductor industries, where it helps remove contaminants without leaving residues. Its low toxicity and high volatility also make it suitable for use in formulations requiring fast evaporation rates, such as in coatings and adhesives.