CH₃COOH, known as acetic acid, is a weak acid that partially dissociates in solution to form CH₃COO⁻, the acetate ion. This pair represents a classic example of an acid-base conjugate pair in the Brønsted-Lowry theory, where acetic acid donates a proton (H⁺) to become acetate, illustrating the dynamic relationship between acids and their corresponding conjugate bases.