Frankincense essential oil is prescribed in Ayurveda for various health and beauty benefits. Directions:- Mix few drops in a spray bottle with water to create a homemade all-purpose solution that can beat bugs and get rid of germs without the harsh chemicand smells divine. Relaxation: Place a few drops in your diffuser or vaporizer and take a chill. Frankincense essential oil can o be inhaled after sprinkling a drop or two of the oil onto a cloth or tissue. The Perfect Beauty Serum: Frankincense essential oil is wonderful for reducing the appearance of wrinkles and scars. a drop or two of this amazing oil to a carrier oil (such as jojoba sweet almond or avocado oil) to apply to the skin.