Used primarily as a solvent in various industrial processes due to its non-polar nature and stability. It is also employed in the formulation of coatings, paints, and adhesives where it helps in achieving desired viscosity and drying properties. Additionally, it serves as an intermediate in the synthesis of more complex organic compounds, particularly in the production of fragrances and flavoring agents. Its low reactivity and volatility make it suitable for use in laboratory settings as a reagent or diluent.