Try:
string path = Application.ExecutablePath;
string betterPath = Application.CommonAppDataPath;
The first gets the executable application EXE file - so you can use the folder by:
string justPath = Path.GetDirectoryName(path);
But it is a much, much better idea to use the DataPath - you may well havce problems writing to the EXE path in release versions as it will be below the "Program Files" folder and require Admin access.