Aromatherapy & Health Uses: Asthma; Bronchitis; Laryngitis; Chills; Flu; Colic; Coughs; Itching; Arthritis; Colds; As a Sedative. Benzoin has been found to help retain skin elasticity. It is valuable in treating dry, cracked skin and is believed to be anti-depressant. Other Uses: An herb of purification, burned in incense to sanctify an area. The scent is also used to attract business when combined with basil, peony or cinnamon. Dilute the essential oil and rub onto the body to increase your personal power.