This chemical is primarily used as a solvent in various industrial applications due to its ability to dissolve a wide range of substances. It is particularly effective in the formulation of coatings, paints, and adhesives, where it helps achieve the desired consistency and drying properties. Additionally, it is employed in the production of specialty chemicals and as an intermediate in organic synthesis. Its compatibility with other chemicals makes it a versatile component in manufacturing processes, especially in the creation of high-performance materials.