Used primarily as a solvent in various industrial applications due to its effective solvency properties. It is commonly employed in the formulation of coatings, paints, and inks, where it helps improve flow and leveling. Additionally, it serves as a cleaning agent in electronic and precision cleaning industries, effectively removing residues without damaging sensitive components. Its moderate evaporation rate makes it suitable for use in printing processes and as a coalescing agent in latex paints. In the pharmaceutical and cosmetic industries, it acts as a carrier or diluent in the production of certain formulations. Its versatility and relatively low toxicity make it a preferred choice in many solvent-based applications.