Phenols are compounds in which a hydroxyl group is bonded directly to an sp2 hybridized carbon atom of an aromatic ring. It is more acidic than an alcohol, but less acidic than a carboxylic acid. It is even less acidic than carbonic acid but more acidic than water. Thus, phenol is unable to protonate HCO−3 anion but easily protonates OH− anion. The OH− group activates the benzene ring so much that electrophilic substitution takes place readily.