Urgent guidelines of modern chemistry have directed researchers' attention to the use of biomass not only as a source of food, feed, medicinal drugs, fragrances and energy, but also as fine chemicals. Certain easily isolable biomass components are now used as chemical reagents in the synthesis of novel products with a higher added value, replacing existing chemicals based on petroleum sources. Among these biomass components, the essential oils stand out as a valuable source of diverse terpenoid and phenylpropanoid compounds with many bio-medical applications. The aim of this work is to review existing materials in the utilization of the synthetic potential of essential oils extracted from some tropical plants towards their conversion in new functionalized heterocyclic compounds, which could be useful as a pharmacological model in drug research and development.