Dense retrieval methods have shown great promise over sparse retrieval methods in a range of NLP problems. Among them, dense phrase retrieval-the most fine-grained retrieval unit-is appealing because phrases can be directly used as the output for question answering and slot filling tasks. 1 In this work, we follow the intuition that retrieving phrases naturally entails retrieving larger text blocks and study whether phrase retrieval can serve as the basis for coarse-level retrieval including passages and documents. We first observe that a dense phrase-retrieval system, without any retraining, already achieves better passage retrieval accuracy (+3-5% in top-5 accuracy) compared to passage retrievers, which also helps achieve superior end-to-end QA performance with fewer passages. Then, we provide an interpretation for why phrase-level supervision helps learn better fine-grained entailment compared to passage-level supervision, and also show that phrase retrieval can be improved to achieve competitive performance in document-retrieval tasks such as entity linking and knowledge-grounded dialogue. Finally, we demonstrate how phrase filtering and vector quantization can reduce the size of our index by 4-10x, making dense phrase retrieval a practical and versatile solution in multi-granularity retrieval. 2 * This work was done when JL worked as a visiting research scholar at Princeton University.1 Following previous work (Seo et al., 2018(Seo et al., , 2019, the term phrase denotes any contiguous text segment up to L words, which is not necessarily a linguistic phrase (see Section 2).2 Our code and models are available at https:// github.com/princeton-nlp/DensePhrases.