Used as a solvent in various industrial applications, particularly in coatings, paints, and varnishes due to its effective dissolving properties. It is also employed in the formulation of cleaning agents and degreasers, where its ability to break down oils and greases is highly valued. In the pharmaceutical industry, it serves as an intermediate in the synthesis of certain drugs. Additionally, it finds use in the production of adhesives and sealants, contributing to their performance and stability.