Used as a solvent in various chemical reactions, particularly in organic synthesis where its properties facilitate efficient reaction conditions. It is also employed in the production of pharmaceuticals, serving as an intermediate in the synthesis of active pharmaceutical ingredients. Additionally, it finds application in the electronics industry for cleaning and etching processes due to its ability to dissolve certain materials without leaving residues. Its use in the development of specialty chemicals and coatings is notable, where it contributes to the formulation of high-performance products.