Acetone, Or propanone, Is an organic compound with the formula ch3 2co. It stands out as the top straightforward and smallest ketone. This item functions as highly volatile, A colourless and flammable liquid with a characteristic pungent odour. Acetone is miscible with water and serves as an important organic solvent in its in industry, Own right, Home, And laboratory. About 6. 7 million tonnes were produced worldwide in 2010, Mainly designed for application as a solvent and production of methyl methacrylate and bisphenol a. It is a common building block in organic chemistry. Familiar household uses of acetone are as the active ingredient in nail polish remover and as paint thinner. It has volatile organic compound voc exempt status in the united states.