Licorice root may have potent antioxidant, anti-inflammatory, and antimicrobial effects. Early research suggests that, as a result, it may ease upper respiratory infections, treat ulcers, and aid digestion, among other benefits.
It may:

• Aid diabetes. ... 
• Reduce menopause symptoms. ... 
• Boost weight loss. ... 
• Help treat hepatitis C.

(healthline.com)

Licorice contains more than 20 triterpenoids and nearly 300 flavonoids. Among them, two triterpenes, GL and GA have been reported to have antiviral effects. They can weaken virus activities by inhibiting virus gene expression and replication, reducing adhesion force and stress, and reducing HMGB1 binding to DNA. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4629407/

This product is originally produced in the original ecological grassland of Inner Mongolia. It is hand-selected and was not smoked, boiled or baked. It is naturally dried and the quality is strictly controlled. The taste is sweet and mild in nature. It enters Guixin [lung 9 acupuncture point], and Lung, Spleen, and Stomach meridians. 

Effects: To invigorate the spleen and qi, clear away heat and detoxify, eliminate phlegm and relieve cough, relieve emergency and relieve pain, used to blend “harmonize” various herbal ingredients in a formula. 

Indications: It is used for spleen and stomach weakness, fatigue, palpitation, shortness of breath, coughing and excessive sputum, abdominal and extremity contractures, acute pain, carbuncle swelling and wound toxicity. It has been used for relieving drug toxicity and increasing herbal potency.