Used primarily as a solvent in various industrial applications due to its effective dissolving properties. It is commonly employed in the formulation of coatings, paints, and varnishes, where it helps achieve the desired consistency and drying characteristics. Additionally, it serves as a cleaning agent in the manufacturing of electronics and precision instruments, effectively removing residues without damaging sensitive components. Its stability and low volatility make it suitable for use in high-temperature processes, such as in the production of adhesives and sealants. In the pharmaceutical industry, it is utilized as an intermediate in the synthesis of certain active ingredients, contributing to the development of medications.