Barrel

Barrels are tile entity storage blocks generating in villages.

Natural generation
Barrels can generate naturally in fisher cottages in villages.

Container
$$, barrels have a container inventory similar to a single chest. They can be filled by droppers and both filled and emptied by hoppers. When broken, barrels drop the contents of the container and the barrel item itself. Unlike chests, a barrel can be placed below a block and still be able to be opened. Plus, they can be placed together more easily (without shifting), which also makes for more efficient storage.

Fuel
Barrels can be used as a fuel in furnaces, smelting 1.5 items per block.

Block entity
A barrel has a block entity associated with it that holds additional data about the block.