Simplify the following text for a Grade 12 native English-speaking person.
Original: Because it is a known carcinogen , its use as an additive in gasoline is now limited , but it is an important industrial solvent and precursor to basic industrial chemicals including drugs , plastics , synthetic rubber , and dyes .
Simplified: It is used as an additive in gasoline , plastics , synthetic rubber , dyes and it is an industrial solvent , which means it can dissolve many other chemical molecules .