The invention relates to a catalyst, and belongs to the technical field of applications and development of acetone downstream products, wherein nickel is used as a main active component, phosphorous,lanthanum and / or neodymium are used as auxiliary agent components, aluminum oxide, silicon oxide or an aluminum oxide-silicon oxide composite carrier with rich pH value is selected to promote a reaction, the catalyst is used under a mild reaction condition, an acetone one-step production process is used, the yield of methyl isobutyl ketone in the application of the catalyst of the present invention is higher than the yield of methyl isobutyl ketone in the application of the palladium / resin catalyst used in the current industrial apparatus, and isopropanol and high added value diisobutyl ketoneare co-produced. According to the present invention, the obtained catalyst has the ideal stability, has the cost significantly lower than the cost of the existing palladium catalyst, and has good economic benefits.