Benzene is an aromatic hydrocarbon with a resonance hybrid structure consisting of two equivalent Lewis structures, each featuring alternating double and single bonds. The compound exhibits unique stability due to its six π electrons, which satisfy Hückel's rule for aromaticity, and it does not undergo addition reactions typical of alkenes. Naming conventions for benzene derivatives involve identifying substituents and using prefixes like ortho, meta, and para to indicate their positions on the ring.