Termiticide is a termite control method that uses toxic chemicals to kill the termites. The chemicals can be applied to the soil, wood, or concrete foundation. Pros: Termiticide prevents wood rot and other damage from termite activity. It also protects against fire hazards caused by termite activity. Cons: Termiticide is expensive and can have adverse effects on the environment if it's not used correctly. It can also cause health problems if people are exposed to it repeatedly.