Methanol is used as a solvent, much in the same way ethanol is used. Red gum and shellac, two common binders both dissolve in methanol. Methanol/water mixtures are also often used since the methanol increases the 'wetness' of the water (it reduces the surface tension of the water) and reduces the solubility of common oxidisers.
Methanol is flammable, volatile and toxic. Methanol vapour is heavier than air and spreads over the ground. Provide adequate ventilation when working with methanol