Concept:
Phenol strongly activates the benzene ring due to the presence of the \(-OH\) group.
The \(-OH\) group is an electron-donating group and directs electrophilic substitution to the ortho and para positions of the benzene ring.
Step 1: Reaction of phenol with bromine water.
When phenol reacts with bromine water, rapid electrophilic substitution occurs at the ortho and para positions.
\[
\text{Phenol} + 3Br_2 \rightarrow 2,4,6\text{-Tribromophenol} + 3HBr
\]
Step 2: Formation of product.
Three bromine atoms substitute at the 2, 4, and 6 positions of the ring.
Thus, the product formed is:
\[
\boxed{2,4,6\text{-Tribromophenol}}
\]