Used primarily as a solvent in various industrial applications, it is effective in dissolving resins, oils, and other organic compounds. It is also employed in the synthesis of specialty chemicals, including fragrances and flavoring agents, due to its unique structural properties. In organic chemistry, it serves as a reagent or intermediate in the production of more complex molecules. Additionally, it finds use in the formulation of coatings, adhesives, and cleaning agents, where its volatility and solvency are advantageous.