Ethyl alcohol, also known as ethanol, is a widely used solvent in the pharmaceutical industry for herbal extraction and the production of various medicinal products. It is a versatile and effective solvent that is generally recognized as safe for many pharmaceutical and herbal applications.Ethyl alcohol, also known as ethanol, is a widely used solvent in the pharmaceutical industry for herbal extraction and the production of various medicinal products. It is a versatile and effective solvent that is generally recognized as safe for many pharmaceutical and herbal applications.