Ayurvedic medicine is a well known treatment procedure past many years. Glycyrrhiza glabra also known as Liquorice, sweetwood, Mulhatti etc. It has well known properties such as antiviral, glucocorticoid, anti-inflammatory, antioxidant, antiulcerative, anticarcinogenic and many more. Its indications in dentistry are also well noted such as in oral lichen planus, apthous stomatitis. This herb was tried in the vesicullobullous disorder which is not well recognized. This review portrays the properties, medicinal values such as antiviral, glucocorticoid, Hypocholesterolaemic, antioxidant, toxicities, anticancer, hepatitis, gastric ulcer, hepatocellular carcinoma and dosage of this precious herb.