Selaginella bryopteris (L.) Bak. usually known as "Sanjeevani', is a lithophyte with remarkable resurrection capabilities and medicinal properties. It is traditionally used for curing wounds and irregular menstruation, uterine disorders and other internal injuries. It contains a variety of secondary metabolites such as alkaloids, phenol and terpenoids etc due to which it can act as antioxidants, anti-inflammatory, anti-cancer, anti-allergic, antimicrobial, antifungal, antibacterial, antiviral etc. It is also used as a strength tonic to improve fitness and to extend lifespan by the local tribal communities of India. The herbs are extensively exploited and sold throughout the country in different markets. There is an urgent need to aware the scientist, researchers, forest officials and local peoples about its medicinal properties, traditional knowledge, economic potential, endemic nature, horticultural and aesthetic value. Its distribution, medicinal and economic potential, taxonomy, ecology, causes of depletion and conservation strategies discussed in brief.