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Toluene also known as methylbenzene, is an organic compound with formula C7H8. Toluene is an aromatic hydrocarbon. It is a colorless, water-insoluble liquid with the smell associated with paint thinners. Toluene is used as a solvent for carbon nano materials, including nano tubes and fullerenes and it can also be used as a fullerene indicator. Toluene is a very good solvent because it can dissolve many organic compounds.