Used as a solvent in the formulation of coatings, inks, and cleaning products due to its moderate evaporation rate and ability to dissolve a variety of substances. Also serves as an intermediate in the synthesis of other organic compounds, including fragrances and plasticizers. Its chiral nature makes it useful in certain asymmetric synthesis applications where racemic mixtures are acceptable. Additionally, it finds use in laboratory settings as a reagent or reference standard in analytical testing.