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Rhodiola rosea, also known as golden root or rose root, has been used for centuries in a variety of medical treatments. Researchers continue to study its effectiveness and overall safety. As with any herbal treatment, consult a doctor before using rhodiola rosea.ccording to the Memorial Sloan-Kettering Cancer Center, rhodiola may be beneficial in the treatment of cancer, cardiovascular disease, fatigue and depression. It may also be beneficial to people who suffer from fibromyalgia, anxiety disorders and depression.