This chemical is primarily utilized as a solvent in various industrial and laboratory applications due to its ability to dissolve a wide range of substances. It is particularly effective in formulations requiring a high-boiling, polar aprotic solvent, such as in the production of polymers, resins, and specialty coatings. Additionally, it serves as a key component in electrolytes for lithium-ion batteries, enhancing conductivity and stability. Its compatibility with both organic and inorganic compounds makes it valuable in chemical synthesis, especially in reactions involving sensitive or reactive intermediates. Furthermore, it is employed in the pharmaceutical industry as a solvent or co-solvent for drug formulations, aiding in the solubility and delivery of active ingredients.