Step 1: Identify the reagents.
Phenol is treated with chloroform $\text{CHCl}_3$ and aqueous $\text{NaOH}$. This exact combination is the signature of a famous named reaction.
Step 2: Name the reaction.
This is the Reimer-Tiemann reaction, which installs an aldehyde group onto a phenol ring.
Step 3: Generate the active species.
The base $\text{NaOH}$ strips a proton from $\text{CHCl}_3$ to make dichlorocarbene $:\text{CCl}_2$, a hungry electron-poor intermediate.
Step 4: Attack the ring.
Meanwhile $\text{NaOH}$ turns phenol into the electron-rich phenoxide ion. The dichlorocarbene attacks this ring, favouring the ortho position next to the oxygen.
Step 5: Hydrolyse to the product.
Workup with water converts the resulting intermediate into a $-\text{CHO}$ group, giving ortho-hydroxybenzaldehyde, better known as salicylaldehyde.
Step 6: Eliminate the other options.
Salicylic acid would form if $\text{CCl}_4$ were used instead of $\text{CHCl}_3$; benzoic acid and benzyl chloride do not arise from this pathway. So the answer is salicylaldehyde, option (B).
\[ \boxed{\text{Salicylaldehyde}} \]