Used primarily as a solvent in various industrial applications due to its excellent dissolving properties. It is commonly employed in the production of paints, coatings, and varnishes, where it helps achieve desired consistency and drying times. Additionally, it serves as a key ingredient in the formulation of adhesives and sealants, enhancing their performance and durability. In the cosmetics industry, it is utilized as a fragrance component, providing a pleasant, long-lasting scent in perfumes and personal care products. Its low toxicity and mild odor make it a preferred choice in these applications.