O2 → O + O
O2 + O → O3
Ozone layer is a protective layer which protects the earth from harmful UV radiations. Any damage to the ozone layer would result in UV rays entering the earth's atmosphere. These UV rays can cause diseases such as skin cancer and cataract.
They can also adversely affect the crops.
The ozone layer is damaged as a result of chlorofluorocarbons. These are often used in refrigerators, air conditioners and fire extinguishers.