Psoralea corylifolia L. is a traditionally and medicinally important, endangered plant of the family Fabaceae. Seeds obtained from it widely used in treatment of skin diseases like leprosy, psoriasis, leucoderma, vitiligo. The present study was aimed to assess the growth, physiology, anatomy, yield and essential oil content and composition of P. corylifolia in response to elevated UV-B (eUV-B; ambient + 7.2 kJm− 2day− 1). The results showed reductions in the growth and physiological parameters under eUV-B treatment (except chlorophyll a/b ratio, carotenoids content and water use efficiency which showed increment) while reverse trend was observed for UV-B absorbing compounds. The total thickness of leaves decreased by 13.8% under eUV-B exposure. Due to eUV-B exposure number of racemes, flowers and seeds, and the length of racemes significantly reduced whereas length of flowers, seed size and seed mass (thousand seeds weight) showed non-significant variations. The essential oil content of seeds showed increment by 46.4% under eUV-B treatment. The GC-MS analysis of essential oil revealed 28 major compounds from control and eUV-B exposed plants. Overall the monoterpenes showed reduction whereas sesquiterpenes and meroterpene showed increment. The metabolites caryophyllene, caryophyllene oxide and bakuchiol (possess anti-cancerous, anti-inflammatory activities) were identified as major metabolites of essential oil, which showed increment under eUV-B treatment. The study displayed that eUV-B enhanced the content of essential oil with improvement in the quality of seeds in terms of medicinally important compounds of seeds.