Concept:
This is the Kucherov reaction, which involves the hydration of alkynes in the presence of mercuric sulfate and sulfuric acid. The reaction follows Markovnikov's rule.
Step 1: Addition of water.
The \(OH^-\) group attaches to the more substituted carbon of the triple bond (the one attached to the phenyl ring):
\[ Ph-C \equiv CH + H_2O \xrightarrow{Hg^{2+}, H^+} [Ph-C(OH)=CH_2] \]
The intermediate formed is an enol.
Step 2: Tautomerization.
Enols are unstable and rapidly undergo keto-enol tautomerization to form the more stable carbonyl compound. The hydrogen from the oxygen moves to the terminal carbon, and the double bond moves to the oxygen:
\[ [Ph-C(OH)=CH_2] \rightarrow Ph-CO-CH_3 \]
The final product is Methyl Phenyl Ketone, commonly known as acetophenone.