Isopropyl alcohol is used in pharmaceuticals as a solvent, preservative, and antiseptic. It is also used in the production of acetone, glycerol, and isopropyl acetate. Isopropanol (i.e., isopropyl alcohol) is a clear, colorless, bitter liquid commonly found in “rubbing alcohol,” skin lotion, hair tonics, aftershave lotion, denatured alcohol, solvents, cements, cleaning products, and de-icers.