This object was first catalogued in 1990 by the IRAS satellite. Its discovery was announced in 1997, when it was nicknamed the "Butterfly star in Taurus" due to the appearance of its surrounding nebula. The name Butterfly Star has been used in subsequent studies and was officially approved by the IAU Working Group on Star Names on 13 June 2026.
The Butterfly Star's circumstellar disk is seen nearly edge-on, with an inclination of 87° to the plane of the sky. The gas disk has a radius of 3.9″ (620au), while the dust disk is smaller with a radius of 310 au. An inner, potentially planet-forming region of the disk is within ≲80–120 au. The disk is thought to have a total mass of 0.07M☉. The central star is likely a T Tauri star.
↑Lucas, Philip; Roche, Patrick F. (February 1997). IRAS 04302+2247: Butterfly star in Taurus!. The seventh astrophysical conference: Star formation, near and far. AIP Conference Proceedings. Vol.393. pp.125–128. Bibcode:1997AIPC..393..125L. doi:10.1063/1.52737.