Glycyrrhizaglabra (Licorice) has been used for thousands of years to treat various diseases. It is used as traditional medicine to treat various diseases, including cancer, rheumatoid arthritis, ulcerative colitis, tuberculosis and asthma. This article highlights the wide range of pharmaceutical properties of licorice and its derivatives, opening up new avenues for studying and creating pharmaceutical treatments derived from this ancient plant. Glycyrrhetic acid, isoliquiritin, isoflavone, and other chemicals make up Glycyrrhizaglabra chemical composition. Their derivatives have been documented in a number of therapeutic uses, including expectorant, antidepressant, anti-inflammatory, and anti-diabetic. These phytochemicals hold great potential for the development of novel herbal medications, and their derivatives are being produced in order to assess their potential for application in pharmaceutical research in the future. Natural goods are frequently taken on a daily basis and are a major source of treatment for many disorders. They offer a significant defense against a range of conditions.