It's fantastic for degreasing - but don't use it in one of those Machine Mart part washers, because it WILL dissolve the pump (don't ask me how I know this! Also don't ask me why I have a "double decker" parts washer!)
I believe it's carcinogenic, which is not good.
Empty Toluene containers are epic if you set fire to the residual vapours (obvs. out doors, and from a distance)...
Can be electrolysed to make bitter almond oil, which is a precursor to certain recreational "medications".... not to be advised! It smells amazing though, and apparently has some medicinal uses which aren't related to a certain "Breaking Bad" chemical!
I'd advise keeping it in a metal drum, if you can, it quite likes to eat plastic...