Primarily used as a solvent in various industrial applications, it is effective for dissolving resins, coatings, and adhesives. It is also utilized in the production of pharmaceuticals, dyes, and other chemical intermediates. In the paint and coatings industry, it serves as a component in formulations to enhance drying and performance properties. Additionally, it finds use in the extraction of specific compounds due to its solvency characteristics. Its role in chemical synthesis includes acting as a nitro group donor or intermediate in organic reactions. However, handling requires caution due to its hazardous nature.