Liquid ozone is a significantly stronger oxidizer than liquid oxygen, but its extreme instability and propensity for detonation make it impractical for most applications, including as a rocket propellant. Historical attempts to use liquid ozone have failed due to self-detonation risks, even when mixed with liquid oxygen. While hydrogen peroxide is a safer alternative for amateur rocketry, it still requires careful handling due to its own hazards. The discussion emphasizes the importance of understanding the risks associated with strong oxidizers like ozone and hydrogen peroxide, particularly in high-pressure environments. Overall, liquid ozone's safety concerns outweigh its potential benefits in practical applications.