The compound that is in the liquid is water.
We know that the compound cobalt chloride can be used to test for the presence of water. The reason why we can be able to use the compound to test for the presence of water is the fact that the color of the anhydrous and the hydrates salt is not the same.
The anhydrous salt is blue in color and that is why the heating of the hydrated salt would make it to turn blue while the hydrtaed compound is foud to be pink in color. Addition of water an removal of water is able to change the color of cobalt chloride.
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