Propofol is an ultra-short acting non-barbiturate injectable anesthetic that provides a wide margin of safety when given intravenously for induction and maintenance of general anesthesia in small animals. It works rapidly but has a short duration due to its high fat solubility. Propofol causes dose-dependent central nervous system depression and cardiac and respiratory depression. While it carries risks like hypotension and apnea, propofol allows for rapid and smooth recovery even after repeated administration. It must be handled carefully and refrigerated due to its potential for bacterial growth.