Resveratrol is naturally present in certain fruits and vegetables including grape skins and especially in red wine. Similar to red wine, resveratrol possesses diverse biochemical and physiological properties including anti-inflammatory and immunomulatory activities as well as wide range of health benefits ranging from chemoprevention to cardioprotection. Recent studies implicated that resveratrol also possesses antiaging properties. The present review describes some of the important physiological properties of resveratrol that accounts for its diverse physiological actions.