This document summarizes research on the physiological properties and potential health benefits and risks of exogenous melatonin supplementation. It discusses melatonin's role as an antioxidant and its potential anticancer, circadian rhythm regulating, and neuroprotective effects. However, it also notes that early morning melatonin administration may impair psychomotor performance and vigilance. More research is still needed to fully understand melatonin's long-term impacts and benefits, especially regarding cancer treatments and effects on memory.