Step 1: Concept
This is the industrial method for the preparation of phenol, known as the Cumene process.
Step 2: Meaning
Cumene is the common name for isopropyl benzene.
Step 3: Analysis
Isopropyl benzene (X) reacts with air (oxidation) to form cumene hydroperoxide. This intermediate, when treated with dilute acid, decomposes to produce phenol and a valuable byproduct, acetone.
Step 4: Conclusion
The starting material X is Isopropyl benzene.
Final Answer: (D)