Artificial intelligence (AI) is a transformative technology used in various industrial sectors including healthcare. In pharmacy practice, AI has the potential to significantly improve medication management and patient care. This review explores various AI applications in the field of pharmacy practice. This review evaluates the integration of AI tools such as IBM Watson, Medisafe, ScriptPro, and BenevolentAI into various pharmaceutical functions, including drug discovery, medication management, clinical decision support, pharmacovigilance, and inventory systems. AI applications in pharmacy contribute to optimizing operations by automating prescription verification, predicting medication adherence, minimizing dispensing errors, and enabling real-time inventory control. The integration of AI in pharmacy has the potential to improve patient safety, reduce medication errors, and enhance the overall quality of care. However, challenges such as data standardization, regulatory frameworks, and workforce development must be addressed to ensure the successful adoption of AI in pharmacy practice. This review provides insights into the current state of AI in pharmacy and its future directions.