Used as a precursor in the production of synthetic rubber and plastics due to its ability to be dehydrated into methyl ethyl ketone (MEK), a common industrial solvent. Also employed in the formulation of printing inks, adhesives, and coating materials for improved flow and drying properties. Serves as a humectant in cosmetics and personal care products to retain moisture. Investigated for use as a bio-based platform chemical in renewable fuel applications because of its high energy density and low toxicity. Additionally, utilized in the food industry as a flavoring agent and carrier for food-grade essences.