Given a Banach space, how can we determine if we can turn it into a non-trivial (i.e., not all products are zero) Banach algebra or not?
Turning Banach space into a non-trivial Banach algebra
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First of all, you should have a candidate of multiplicatiion "$\cdot$" in mind. Then, you can check the associativity of "$\cdot$", and if your Banach space is closed w.r.t. "$\cdot$". Usually, if "$\cdot$" is properly defined, associativity is not a big problem (convolution is already a rather complex case, but you can still show that.). But closeness is not that trivial. You may need to consider so-called multiplier of your Banach space w.r.t. "$\cdot$". Then the SMALLER space---all multipliers would form the pre-Banach algebra as you require (don't forget to complete it, or at least check completeness). You can refer to the paper: A note on $\tau$-convergence, $\tau$-convergent algebra and applications, Topology and its Applications 159 (2012) 1433–1438, where an example of this process is displayed. Hopefully, this might be useful to you.
Well, you can turn any Banach space $A$ into a Banach algebra, by declaring all products to be $0$. Indeed, this is an algebra, since $r (x \cdot y) = (rx) \cdot y = x \cdot (ry) = 0$ and $(x+y) \cdot z = x \cdot z + y \cdot z = 0$ (here $x,y,z \in A$ and $r$ is scalar) (perhaps I omitted some condition, which but they are all trivially satisfied, with everything becoming $0$). It is associative since $(x \cdot y) \cdot z = x \cdot (y \cdot z) = 0$. This can be done in either real or complex case. The arising Banach algebra (obviously) has no unit. This is a legit Banach algebra but not a very inspiring one.