This chemical is primarily used as a solvent and intermediate in the production of various industrial and consumer products. It is often employed in the formulation of coatings, paints, and adhesives due to its ability to dissolve a wide range of substances and improve product performance. Additionally, it serves as a key component in the synthesis of polymers and resins, contributing to their flexibility and durability. In the personal care and cosmetics industry, it is utilized as a solvent or carrier in the production of lotions, creams, and other formulations, enhancing texture and stability. Its versatility also extends to the pharmaceutical sector, where it acts as a reagent or intermediate in the synthesis of active pharmaceutical ingredients (APIs).