Butea monosperma, belonging to the family of fabaceae, also popularly known as Flame of Forest, Bastard teak. The family fabaceae consists of 630 genera and 18000 species which is scattered through out India, Bangladesh, Pakistan, Srilanka, Nepal, Myanmar. This plant is used for treatment of various diseases from ancient days to now a day. The main constituents of this plant includes flavonoids, triterpene, alkaloids, sterols, lipid, inorganic and proteins, which are responsible for biological and pharmacological activities such as anti-hyperglycemic,anti-tumorous,anti-cancerous,anti-oxidant,woundhealing activity,anti-malarial immunomodulatory. Butea monosperma is widely used in Ayurveda and has become a treasure of modern medicine. The present study accumulates information on different facets of Butea monosperma and its prospective uses.