Alcohols and phenols are organic compounds with a hydroxyl group, but they differ in structure and reactivity. Alcohols have the -OH group on a saturated carbon, while phenols have it directly on an aromatic ring. Both are polar and form hydrogen bonds, influencing their properties. These compounds are classified based on structure and number of hydroxyl groups. They have higher boiling points than similar hydrocarbons and are generally water-soluble. Alcohols and phenols undergo various reactions, including dehydration, oxidation, and esterification, and have numerous industrial and biological applications.