Acetone or Dimethyl Ketone
Simplest and most important ketone (CH3COCH3).
It is a colourless, flammable liquid, boiling at 133 °F (56.2 °C). Many fats, resins, and organic materials dissolve easily in it, so it is used to make artificial fibres, explosives, resins, paints, inks, cosmetics (including nail-polish remover), coatings, and adhesives. Acetone is used as a chemical intermediate in pharmaceuticals and many other compounds.
source:Britannica encylopedia