Used primarily as a solvent in various industrial applications, it effectively dissolves resins, oils, and other organic compounds. In the paint and coating industry, it serves as a key ingredient to enhance the flow and leveling of finishes. It is also utilized in the production of plasticizers, contributing to the flexibility and durability of plastics. Additionally, it acts as a stabilizing agent in certain chemical reactions, ensuring consistent and reliable outcomes. In the pharmaceutical sector, it is employed as an intermediate in the synthesis of active pharmaceutical ingredients. Its ability to act as a humectant makes it valuable in personal care products, helping to retain moisture and improve texture. Furthermore, it is used in the formulation of cleaning agents, providing effective degreasing and cleaning properties.