Cave Run Lake is in the northern part of the Daniel Boone National Forest.

[2] Cave Run Lake provides flood protection to the lower Licking River valley, supplies water to the area's communities, improves the Licking River's water flow conditions, and offers a habitat for various species of fish and wildlife.

The lake also provides various other recreational activities (swimming, boating & sailing, canoe and kayak, jet skiing, camping, hiking, well known for Mountain Bike trails, etc.)

The byway provides access to pioneer weapons hunting areas, a campground, and numerous hiking trails.

[citation needed] Cave Run Lake offers a wide variety of fishing opportunities.

The Daniel Boone National Forest surrounding Cave Run holds many opportunities.