Perfluoro-3-methyl-2-butanone (CF 3 C(O)CF(CF 3 ) 2 , abbreviated as C5) is a potentially excellent fire suppression alternative to halons and a promising dielectric gas for SF 6 replacement. As a prototypical perfluorinated asymmetrical ketone, photodissociation and reaction with hydroxyl radicals of C5 have been investigated theoretically to gain insights into its atmospheric chemistry and environmental impact. C5 has a broad UV absorption band in the range 260−360 nm with a maximum at 302 nm and the maximal photolysis rate coefficient is 8.3 × 10 −5 s −1 . Photoexcitation from S 0 through the perpendicular n → π* transition produces the excited S 1 species, which can either dissociate straightforwardly via the bifurcated α-CC bond cleavage or be trickled down to T 1 via the S 1 /T 1 intersystem crossing (ISC) pathway. In the Franck−Condon region of the S 1 surface, the long-lived S 1 species exists and the slow ISC pathway is dominant, followed by the α-cleavage through T 1 barriers to form perfluoroalkyl and perfluoroacetyl radicals. While the excitation energy exceeds 286 nm, the direct dissociation of C5 though the S 1 barriers takes over before the ISC occurs. Several pathways for regeneration of the ground-state S 0 from S 1 and T 1 via seams of crossing or internal conversion were revealed. The C5 + OH reaction occurs via direct carbonyl addition mechanism followed by the rapid displacement of one of the alkyl groups. Although it can be accelerated considerably by the H 2 O-mediated catalysis or the intercepted vibrationally excited quantum states in the hot S 0 *, the degradation of C5 by OH radicals is too slow to compete with the photolysis pathways.