The product of isopropyl alcohol and butyric acid is isopropyl butyrate, also known as isopropyl butanoate.

This reaction is an esterification reaction, where an alcohol (isopropyl alcohol) reacts with a carboxylic acid (butyric acid) to form an ester (isopropyl butyrate) and water.

Here's the chemical equation:

```

CH3CH(CH3)OH + CH3CH2CH2COOH → CH3CH2CH2COOCH(CH3)CH3 + H2O

```

Isopropyl butyrate is a colorless liquid with a fruity odor, often described as resembling pear or pineapple. It is used in various applications, including:

* Food flavoring: It provides a fruity flavor to foods like candy, beverages, and baked goods.

* Perfumery: It contributes to the fragrance of perfumes and other scented products.

* Solvent: It serves as a solvent for various substances in the chemical industry.