Rice husk (RH), an agricultural waste, is abundantly available in rice producing countries like China, India, Bangladesh, Brazil, US, Cambodia, Vietnam, Myanmar, and South East Asia. Despite the massive amount of annual production worldwide, so far RHs have been recycled only for low-value applications. In recent years, many rice mills in rice producing countries have started using RH for the energy production for mill operations as well as household lighting in rural regions. Burning of RHs produces the rice husk ash (RHA). The disposal in landfills or open fields can be problematic and may cause a serious environmental and human health related problems due to the low bulk density of RHA. Several ways are being thought of for disposing RHA by making its commercial use. The amorphous silica forms the main component (83–90%) of RHA. The amorphous silica rich RHA has wide range of applications. High-value applications and current research investigations such as the use of RHA in manufacturing of silica gels, silicon chip, synthesis of activated carbon and silica, production of light weight construction materials and insulation, catalysts, zeolites, ingredients for lithium ion batteries, graphene, energy storage/capacitor, carbon capture, and in drug delivery vehicles are presented. Use of RHA in potential future applications is also discussed. It is suggested that the amorphous silica rich RHA could become a potential resource of low cost precursor for the production of value-added silica based materials for practical applications.