Step 1: Identify the first reaction.
Benzene reacts with isopropyl chloride in the presence of anhydrous \(AlCl_3\).
This is a Friedel-Crafts alkylation reaction.
\[
C_6H_6 + (CH_3)_2CHCl
\xrightarrow{AlCl_3}
C_6H_5CH(CH_3)_2
\]
Thus, isopropylbenzene (cumene) is formed.
Step 2: Reaction of cumene with oxygen.
Cumene undergoes air oxidation with oxygen to form cumene hydroperoxide.
\[
C_6H_5CH(CH_3)_2
\xrightarrow{O_2}
C_6H_5C(CH_3)_2OOH
\]
This is the industrial Cumene Process.
Step 3: Acidic hydrolysis of cumene hydroperoxide.
On treatment with
\[
H_3O^+
\]
cumene hydroperoxide undergoes cleavage to give phenol and acetone.
\[
C_6H_5C(CH_3)_2OOH
\xrightarrow{H_3O^+}
C_6H_5OH + (CH_3)_2CO
\]
Step 4: Identify the major aromatic product.
The aromatic product obtained is
\[
C_6H_5OH
\]
which is phenol.
Acetone is formed as the accompanying carbonyl compound.
Step 5: Final conclusion.
Therefore, the major product formed in the given reaction sequence is
\[
\boxed{\text{Phenol}}
\]
Hence, option (1) is correct.