Acetylacetone is a chemical compound with the formula C5H8O2. It is a colorless liquid that has a sweet, fruity odor. Acetylacetone is known for its ability to form stable complexes with metal ions, making it useful in various applications, including as a ligand in coordination chemistry and as a precursor in the synthesis of metal nanoparticles. This compound is also used in the production of solvents, coatings, and pharmaceuticals. Its unique properties allow it to act as a chelating agent, which helps in the extraction and stabilization of metals. Acetylacetone is often found in laboratories and industrial settings due to its versatility.