Biochar is known as an excellent soil conditioner and a powerful carbon sequestration tool. However, to expand its use, it is necessary to understand potential adverse effects. To better address this issue, biochar was prepared from sugarcane bagasse. The effect of biochar on the germination of soybean seeds was evaluated, and a greenhouse experiment was conducted to assess the response of soybean seedlings to biochar application at different rates (CK, 0% w/w; BC1, 1% w/w; BC3, 3% w/w; and BC5, 5% w/w). Thirty days after sowing, growth parameters, soil physicochemical attributes, and microbiota were evaluated. The biochar exhibited a low O/C ratio (0.18) and an irregular porous surface, which promoted improvements in the soil's physical, chemical, and biological attributes. It also demonstrated no phytotoxic effects in germination tests for application rates up to 50 t/ha. The results of the soybean cultivation showed that the BC3 and BC5 treatments significantly increased the fresh mass of the aerial part by 64% and 86%, respectively, compared to CK. These treatments also significantly increased the fresh mass of the root system by 23% and 423%, respectively. These results highlight the potential of biochar in promoting early soybean development.