Step 1: Understanding the Concept
The OH group of phenol activates the ring toward electrophilic substitution at the ortho and para positions.
Step 2: Reaction conditions
With dilute nitric acid, phenol gives a mixture of o- and p-nitrophenol. With concentrated \(\text{HNO}_3\) in the presence of concentrated \(\text{H}_2\text{SO}_4\), all activated positions are nitrated.
Step 3: Product
Phenol gives 2,4,6-trinitrophenol, which is known as picric acid.
Final Answer:
The product is picric acid.
\[ \boxed{\text{(D) }\text{Picric acid}} \]