1. She is busy from Monday to Friday.

2. She is busy Monday to Friday.
[Are both okay? Can we use #2?]

Both are okay, and you can use either or both.

Yes, both sentences are okay and convey the same meaning. Sentence 2, "She is busy Monday to Friday," is a shorter and more concise version of sentence 1, "She is busy from Monday to Friday." Both sentences indicate that the person being referred to is occupied or unavailable throughout the entire duration of each day from Monday to Friday. So, you can use either sentence depending on your preference or the style of writing you are using.