Used primarily as a solvent in various industrial applications, it is effective in dissolving resins, coatings, and polymers. Its properties make it suitable for use in the production of paints, varnishes, and adhesives, where it aids in achieving the desired consistency and drying times. Additionally, it serves as an intermediate in the synthesis of other chemical compounds, particularly in the pharmaceutical and agrochemical industries. Its role in these processes is crucial for the development of active ingredients and formulations.