This chemical is widely used as a solvent in various industrial applications due to its ability to dissolve a range of substances. It is particularly effective in the formulation of paints, coatings, and inks, where it helps improve the stability and flow properties of the final product. Additionally, it is employed in the production of cleaning agents and degreasers, as it aids in breaking down oils and greases effectively. In the cosmetics and personal care industry, it serves as an ingredient in formulations like lotions and creams, providing a smooth texture and enhancing the absorption of other components. Its versatility also extends to its use as a plasticizer in certain polymers, improving flexibility and durability. Furthermore, it plays a role in the synthesis of specialty chemicals, acting as an intermediate in various reactions.