The invention discloses a method for producing low-boiling phenols from coal tar and a low-boiling phenol product. The method comprises: (1) fractionating coal tar to obtain light distillate having a distillation range less than 230 DEG C and heavy distillate having a distillation range of 230-500 DEG C; (2) adding the heavy distillate and a hydrogenation catalyst in a reactor for a hydrogenation reaction; (3) separating the product obtained from the hydrogenation reaction in step (2) in order to obtain a hydrogen-rich gas and a liquid resultant; (4) fractionating the liquid resultant to obtain phenol oil containing low-boiling phenols; and (5) performing alkali washing and phenol extraction on the phenol oil obtained in step (4) to obtain the low-boiling phenol product. According to the method, the yield of the low-boiling phenol product is increased, and effect on further processing of coal tar is reduced.