Used primarily as a solvent in industrial applications, it is effective in dissolving resins, oils, and waxes, making it valuable in coatings and paint formulations. It also serves as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fragrances. In the flavor industry, it is utilized to impart fruity and cheesy notes to food products. Additionally, its volatility and solvent properties make it suitable for use in cleaning agents and degreasers.