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Traditionally Methanol is used in a variety of industrial applications. Methanol is primarily used as an industrial solvent for inks, resins, adhesives to wood items, and dyes. It is used as a solvent in the manufacture of cholesterol, streptomycin, vitamins, hormones, and other pharmaceuticals.ethanol is used to produce a variety of chemicals, including formaldehyde and acetic acid. Formaldehyde is added to adhesives used in the wood industry, such as plywood, particle board and laminates.
Properties of Methanol. Methanol, also known as methyl alcohol, wood alcohol, wood naphtha or wood spirits, is a chemical with formula CH 3 OH (often abbreviated MeOH).t forms explosive mixtures with air and burns with a non-luminous flame. Methanol is also a toxin and should not be ingested â drinking quantities of methanol can result in blindness and severe damage to the central nervous system. For more information on methanol and health, please visit our Health & Safety section.