Used primarily as a solvent in various industrial processes, it plays a crucial role in the production of coatings, paints, and adhesives. Its ability to dissolve a wide range of substances makes it valuable in formulating products with specific viscosity and drying properties. Additionally, it is employed in the synthesis of specialty chemicals, where it acts as an intermediate in the creation of complex organic compounds. In the pharmaceutical industry, it serves as a reagent in the development of certain drugs, contributing to the efficiency of chemical reactions. Its versatility also extends to the cosmetic sector, where it is utilized in the formulation of personal care products to enhance texture and stability.