Used primarily as a solvent in various chemical processes, this compound is valued for its ability to dissolve a wide range of substances, making it useful in the production of pharmaceuticals, agrochemicals, and specialty chemicals. Its solvency properties are particularly beneficial in reactions requiring a polar aprotic medium, which can enhance reaction rates and yields. Additionally, it is employed in the synthesis of polymers and resins, where it aids in achieving desired material properties. In the pharmaceutical industry, it serves as a reaction medium for the preparation of active pharmaceutical ingredients (APIs), ensuring efficient and controlled synthesis. Its stability and low toxicity also make it a suitable choice for laboratory applications, including analytical testing and research.