Used as a solvent in coatings and printing inks due to its ability to dissolve a wide range of resins and polymers. It is also employed in the formulation of cleaning agents and degreasers, where its moderate evaporation rate and solvency power help in achieving uniform cleaning without rapid drying. Additionally, it serves as an intermediate in the synthesis of plasticizers and other specialty chemicals, contributing to improved flexibility and workability in polymer systems. Its oxygenated structure enhances compatibility with both polar and non-polar components in multi-component formulations.