Used as a solvent and chemical intermediate in the synthesis of pharmaceuticals, agrochemicals, and specialty esters. It serves in formulations requiring a slow-evaporating, polar solvent with good solvency for resins, polymers, and coatings. Commonly applied in the production of fragrances and flavoring agents due to its ester functionality and mild, pleasant odor. Also utilized in controlled release systems and as a building block in organic synthesis for introducing ethoxypropionate moieties.