Benzoin oil, also known as Friars Balsam, has a calming effect that can relieve depression and feelings of sadness. Its sweet, balsamic vanilla-like aroma can be used in steam inhalation as a treatment for bronchitis, colds and similar conditions. It presents more like a syrupy liquid than an oil, but it is easy to dilute and is often used as a fixative in soaps and fragrances.