Concept:
Paracetamol is a commonly used medicine for pain and fever.
Step 1: Analgesic means pain-relieving drug.
Step 2: Antipyretic means fever-reducing drug.
Step 3: Paracetamol reduces pain and lowers fever by acting mainly in the central nervous system.
Step 4: It has weak anti-inflammatory action compared with NSAIDs.
Step 5: Therefore, paracetamol is mainly used as analgesic and antipyretic.
\[
\boxed{\text{Analgesic and antipyretic}}
\]