Isopropyl
alcohol and propan-2-ol are just two different names for
the same compound. (Isopropanol is a third.)
Why have 2 or more names for the
same thing (excluding American
English/UK English spelling differences)?
In a word, tradition.
Chemstry nomenclature is a mess of tradition and grandfather clauses.
I'm not a chemistry historian, so this should be taken with suitable
amounts of suitable salts.
But I think propan-2-ol is the systematic IUPAC name for the compound.
First, there is the name "propane", which is itself grandfathered (the
first four hydrocarbons are methane, ethane, propane, and butane,
rather than unane, diane, triane, and tetrane, which if I've got my
roots right would be the systematic names for them). From "propane"
the "propan-" combining form is formed by stripping the trailing vowel
(and the "propyl" form, which is visible in "isopropyl alcohol").
Then
there is the "-ol" suffix, indicating a hydroxy group attached to a
hydrocarbon chain; this too is a historical artifact, being an
abbreviated form of "alcohol", the traditional name for such compounds.
"Propan-2-ol" is then formed in the systematic way from these, with the
"-2-" indicating that the hydroxy group corresponding to the "-ol" is
attached at carbon #2. (There is a well-defined way of numbering the
carbon atoms; for the moment, we don't need to care about the details,
except to know that for propane, it gives the number 2 to the middle
carbon.)
The other two names are formed based on the "iso" prefix attached to
forms of "propane". "iso" is a pre-systematic prefix indicating
"variant" (more precisely, "isomer"). In the case of isopropyl, it
was
allowed to survive; I think this is partly because of tradition and
partly because it introduces no ambiguity - there is only one way to
make a hydrocarbon out of three carbons and eight hydrogens, and only
two ways to turn that into a radical, and with the straight-chain one
being "propyl" and "propan-", "isopropyl" and
"isopropan-"
unambiguously refer to the other. (There's also "butyl",
"isobutyl",
and "tert-butyl", but that's another can of worms. The way this kind
of nomenclature breaks down rapidly with increasing carbon-chain length
is part of why the IUPAC system was developed.)
One of those names is the combining form ("isopropan-") plus the same
"-ol" suffix we saw earlier. The other name is basically the same
thing, but with the "alcohol" detached into a separate word; the first
word then becomes the group name "isopropyl" rather than the combining
form "isopropan-".
1-methyl-2-ethanol actually doesn't look right to me; it's describing
the compound in question as ethanol with a methyl group replacing one
of the hydrogens, but as I read it, it puts the extra methyl group and
the hydroxyl group on different carbons, which leads to propanol, not
isopropanol. 2-hydroxypropane is just propan-2-ol rephrased, with the
"hydroxy" group name instead of the "-ol" suffix.
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