Used primarily as a solvent in various chemical reactions, particularly in the synthesis of pharmaceuticals and agrochemicals. It is valued for its ability to dissolve a wide range of organic compounds, making it useful in processes like polymerization and crystallization. Additionally, it serves as a stabilizer in formulations, ensuring the integrity of active ingredients. Its low volatility and high boiling point make it suitable for high-temperature applications. In organic synthesis, it acts as a reagent or intermediate, facilitating the production of complex molecules. It is also employed in the manufacture of dyes and pigments, contributing to color stability and consistency.