It has been formulated for a specific purpose, that is as an antibacterial agent in toothpaste

Hexachlorophene is no longer available for general use in many countries, due to concerns about its safety and potential for toxicity. It has been banned or restricted in several regions for its harmful effects on the environment and human health.

Phisoderm contains Hexachlorophene which is acompound that is relatively toxic, you can compare this to cocaine being taken out of coca cola. Sure it works but since it can cause convulsions in infants (when used as a soap), is it really that safe?

Not in the US. Hexachlorophene, the primary active ingredient in PhisoHex, was found to be potentially carcinogenic quite a few years ago (I'm thinking 1970's), and the company dropped this product.

Instead, the more modern product from the same company is PhisoDerm.

Dial soap contains several chemicals. For example, the chemical formula name for the antibacterial property of Dial soap is hexachlorophene. The name for the chemical that creates the detergent is sodium laurel sulfate.