This chemical is primarily used as a solvent in various industrial applications due to its effective solvency properties, relatively low toxicity, and slow evaporation rate. It is commonly employed in the formulation of coatings, paints, varnishes, and printing inks, where it helps improve the flow and leveling of the final product. Additionally, it is utilized in the production of cleaning agents and degreasers, as it effectively dissolves oils, greases, and other contaminants. In the electronics industry, it serves as a cleaning solvent for precision components. Its mild odor and evaporation rate make it suitable for use in personal care products, such as cosmetics and fragrances, where it acts as a carrier or diluent. Furthermore, it is used as a chemical intermediate in the synthesis of pharmaceuticals and other specialty chemicals, playing an important role in production processes requiring high stability and efficiency.