1. p-Aminophenol: This compound is formed via the cleavage of the amide bond between the acetamide group of acetaminophen and potassium hydroxide. It is an intermediate product in the synthesis of acetaminophen and is also a known analgesic and antipyretic agent.
2. Potassium acetate: This salt is generated as a result of the reaction between potassium hydroxide and the carboxylic acid group of acetaminophen. It is a water-soluble compound and acts as a buffering agent in certain pharmaceutical formulations.
3. Water: Water is produced during the reaction as a result of the proton transfer and nucleophilic substitution reactions that take place. It acts as a solvent and participates in the overall chemical process.
It's worth noting that the specific reaction conditions, such as temperature, concentration, and reaction time, can influence the selectivity and yield of these by-products.