Widely used as a solvent and chemical intermediate in organic synthesis, it helps stabilize reactions and improve yields in pharmaceutical manufacturing. Its ability to dissolve both polar and nonpolar substances makes it valuable in coatings, inks, and resins. It is also employed in the production of plasticizers to enhance the flexibility of polymers. Due to its low volatility and high boiling point, it serves as an effective coupling agent in two-phase systems. Additionally, it finds use in the formulation of agricultural chemicals, improving the dispersion and efficacy of active ingredients.