Strategies that exploit directing groups to control the site selectivity in the C−H activation of arenes have received much attention during the past two decades. In light of the importance of phenol derivatives in the areas of pharmaceuticals, agrochemicals, and materials science, transition‐metal‐catalyzed C−H activation of phenols has proven to be an extremely useful tool in organic synthesis. This Minireview summarizes the current state‐of‐the‐art direct C−H activation of phenol derivatives under transition‐metal catalysis.