Used primarily as a solvent in various industrial processes, it is effective in dissolving resins, oils, and other organic compounds. Its application extends to the production of synthetic lubricants, where it enhances performance and stability. In the field of organic synthesis, it serves as a key intermediate in the manufacture of complex chemical structures, including pharmaceuticals and agrochemicals. Additionally, it is utilized in the formulation of fragrances and flavoring agents due to its ability to impart specific aromatic properties. Its role in the development of high-performance polymers and plastics is also noteworthy, contributing to improved material properties.