There are many widely used medicinal plants in the Oleaceae family, which also includes the species Jasminum. Typical uses for the Jasminum species, which include Jasminum auriculatum vahl, J. humile, J. flexile Vahl, J. grandiflorum L, J. polyanthum, J. officinale, J. multiflorum, J. aungustifolium, J. pubescens, and J. sambac, include anti-Jasmine oil is commonly used in aromatherapy. The presence of a wide range of bioactive substances in Jasminum plants, including fatty acids, glycosides, coumarins, sterols, terpenoids, esters, and phenolics, may be the cause of their therapeutic effects. The combined impact of essential oils is responsible for the aromatherapy’s antibacterial, anti-acne, spasmolytic, and other properties. According to phytochemical studies, phenolic compounds are significantly more bioactive than the bulk of terpenoids and other chemicals. The medicinal potentials of phenolic components have been extensively studied, including their anti-inflammatory, antiulcer, antioxidant, lipid peroxidation, ACE inhibitor, vasodilation, antioxidant, and antiaging capabilities, as well as their wound healing and protective characteristics. The medicinal potentials of phenolic chemicals are reviewed in the current research, coupled with Jasminum’s phyto screening and ethnobotanical features.