Used primarily as a solvent in various industrial applications due to its ability to dissolve a wide range of substances. It is particularly effective in the production of polymers and resins, where it helps in achieving the desired consistency and properties. Additionally, it serves as an intermediate in organic synthesis, facilitating the creation of more complex chemical compounds. In the pharmaceutical industry, it is utilized in the formulation of certain drugs, enhancing their stability and efficacy. Its solvent properties also make it valuable in the manufacturing of coatings, adhesives, and inks, where it contributes to improved performance and application ease.