It is also called "incense" (Olibanum). Used in incense sticks and air humidifiers.  

General action:

• has a soothing effect;

• improves mood;

• improves concentration;

• has a calming effect;

• often used in meditation as it slows down your breathing and helps you concentrate;

• it eliminates night anxiety and insomnia.

Effect on the respiratory tract (inhalations):

• anti-inflammatory;

• useful in the treatment of bronchitis and pharyngitis;

• helps with coughing bouts;

• soothes irritation of the mucous membranes;

• supports expectoration.  

Effects on the skin:

• astringent;

• antiseptic;

• firming - helps to rebuild the proper tension of sagging facial skin;

• delays the appearance of wrinkles;

• regenerates  leather;  

• soothes irritations after depilation;  

• cleans pores;  

• constricts  dilated blood vessels.

Especially recommended for an aging skin.