Used primarily as a solvent in various industrial applications, it is valued for its stability and low reactivity. It is commonly employed in the formulation of coatings, paints, and adhesives, where it helps improve product performance and durability. Additionally, it serves as a component in the production of specialty chemicals and intermediates, particularly in the synthesis of complex organic compounds. Its properties also make it suitable for use in research and development laboratories as a reaction medium or extraction solvent.