Used as an oxygen-carrying component in artificial blood substitutes due to its high solubility for gases like oxygen and carbon dioxide. Commonly employed in liquid ventilation, especially in premature infants with respiratory distress syndrome, where it helps improve gas exchange in the lungs. Serves as a heat transfer fluid in electronic cooling systems because of its chemical stability and low electrical conductivity. Additionally, utilized as a stable solvent in electronics manufacturing for cleaning heat- or moisture-sensitive components due to its non-reactivity and non-flammability. Employed in microfluidic devices as a working fluid due to its inertness and immiscibility with water. Also applied in specialty coatings and as a tracer in environmental studies owing to its persistence and detectability at low concentrations.