What is template reference in Angular?

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Tempelate refrence variable is used to refer the DOM Element and we can declare the variable with # symbol.

Example.
input #phone placeholder=”phone number”
In the above example # phone is used as reference template.

Angular assigns each template reference variable a value based on where you declare the variable:

If you declare the variable on a component, the variable refers to the component instance.
If you declare the variable on a standard HTML tag, the variable refers to the element.
If you declare the variable on an element, the variable refers to a TemplateRef instance, which represents the template.
If the variable specifies a name on the right-hand side, such as #var=”ngModel”, the variable refers to the directive or component on the element with a matching exportAs name.