Boswellia serrata extract's effects on human body Frankincense may reduce symptoms associated with menstruation and menopause by balancing hormone levels, although research on this topic is limited. It is used to help relieve pain, cramps, constipation, headaches, anxiety, nausea, fatigue and mood swings. Frankincense may also help regulate estrogen production and may reduce the risk of tumors or cysts developing in premenopausal women.