Rice husk ash (RHA) is the major by-product left after the burning of rice husk, which is profusely present throughout the process of the rice milling. The burnt rice husk, as RHA, in turn causes more environmental pollution and its disposal becomes a difficult problem, hence requiring serious attention from the scientific community regarding its disposal and proper reuse if possible. The major economic reason for recycling the ash is the value added products which can be generated from it. The focus is on the use of RHA as adsorbent and subsequent silica production owing to the fact that the ash is mainly composed of carbon and silica. As regards other potential applications of ash, research is still going on and some of the products, which are under development phase, have also been brought to limelight in this review. This literature review provides an effective scheme to utilize RHA and discussed process pathway for economically valuable products to provide a solution to the problem associated with its proper disposal through superior recycle of this agriculture waste.