Using menthol on the skin acts in a similar way to capsaicin because it disrupts the pain signals going to your brain. A menthol rub can help relieve pain in the muscles, joints, and tendons of the hand. A study into how effective menthol is in relieving hand pain showed that it helped to relieve pain by 95%. The study said that menthol rubs should be considered as an effective alternative to regular analgesics to manage chronic pain. You can also use the beneficial effects of menthol to relieve pain by adding a few drops of peppermint essential oil to a carrier oil and then massage it into your hands. Also, there are topical pain relief lotions that contain this ingredient because of how effective it is at relieving pain.