Used as a solvent in chemical research and industrial applications due to its non-polar nature and moderate evaporation rate. Commonly employed in calibration of gas chromatography equipment as a standard reference compound. Serves as a component in fragrance formulations, providing a mild, fatty-woody odor in perfumes and scented products. Also utilized in the synthesis of organic compounds and as a diluent in specialty chemical mixtures. Its relatively low reactivity makes it suitable for use in controlled environments where stability is required.