Yes, TOLUENE is a Scrabble word!

Letter values in Scrabble US: T 1, O 1, L 1, U 1, E 1, N 1, E 1.

Is it a valid word?

TOLUENE is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

a colorless flammable liquid obtained from petroleum or coal tar; used as a solvent for gums and lacquers and in high-octane fuels

Not playable in Scrabble US: METHYLBENZENE.