Used primarily as a solvent in various industrial applications, particularly in coatings, inks, and adhesives due to its moderate evaporation rate and good solvency for resins and polymers. It is also employed as an intermediate in organic synthesis, especially in pharmaceuticals and agrochemicals, where its functional groups allow for further chemical transformations. Its polarity and stability make it suitable for use in extraction processes and as a carrier in fragrance formulations. Additionally, it finds use in the electronics industry for cleaning and degreasing components.