What can this ingredient Phenoxyethanol lead to? (It’s in my shampoo I use Pureology)

So I been seeing a lot of brands have toxic chemicals and I’m reading that Phenoxyethanol is really bad, I do want to ask what does it lead to if you keep using products containing that?

Can it give me cancer? I don’t want to develop any health problems later down the line.

& again I currently use Pureology strength cure shampoo & conditioner

Thank you in advance!