I'm guessing you're talking cherry laurel, rather than true laurel? If so, you can get FC grant to get it out - I'm going to one day, as I've got loads too. It was often put in woods as shelter for pheasants, also birds can bring it in from gardens, where it's used for hedging. I understand that you can't burn it because of the cyanide in parts of the tree. If you cut limbs and lay them on the ground, they'll root. It's a totally evil invasive weed. I'm going to try some carving and turning with some, as I have so much of it, but it seems quite hard.
If on the other hand, you have true (bay) laurel, use the leaves to flavour your squirrel stew.