Used as a solvent in coatings, inks, and cleaning formulations due to its ability to mix with both water and organic solvents. It helps improve flow and leveling in paint systems and is effective in degreasing applications. Also serves as an intermediate in the synthesis of other chemicals, particularly in chiral synthesis where the (S)-enantiomer is required. Its moderate evaporation rate makes it suitable for use in adhesives and specialty formulations where controlled drying is important.