This chemical is primarily used as a solvent in various industrial applications due to its ability to dissolve a wide range of substances. It is commonly employed in the formulation of paints, coatings, and inks, where it helps improve the consistency and application properties of these products. Additionally, it is utilized in the production of cleaning agents and degreasers, effectively removing oils, greases, and other contaminants from surfaces. In the electronics industry, it serves as a cleaning solvent for delicate components, ensuring they remain free of residues that could affect performance. Its mild nature also makes it suitable for use in personal care products, such as lotions and creams, where it acts as a carrier for active ingredients.