This article deals with the literature on ionic liquids, with the focus on nomenclature, preparation, and handling of the second‐generation ionic liquids. In the older (and some current) literature, ionic liquids are sometimes called liquid organic salts, fused salts, molten salts, ionic melts, NAILs (nonaqueous ionic liquids), room‐temperature ionic liquids, OILs (organic ionic liquids) and ionic fluids. Their most prominent feature, namely the potential of tuning their physical properties to suit a particular application, is discussed in detail. In addition, areas in which ionic liquids are already applied, and in which their properties promise favorable application in transition‐metal catalyzed reactions, are reviewed.
In recent years, many ionic liquids have emerged as environmentally benign alternatives to volatile organic compounds (VOCs, such as trichloromethane, ethanenitrile and dimethylmethanamide), which cause emissions and effectively damage the ecological balance. The merit of ionic liquids, in this respect, is their negligibly small vapor pressure; therefore they are easily retained in a process. This concept has been realized, especially in preparative chemistry, as shown in many examples in this article: when used as solvents in catalytic processes, separation of the solvent (and the catalyst) from the product is facilitated, and recycling is easily possible.