In Multi-core systems the applications co-execute in Multi-programmed mode, have interfere with each other during execution, which creates resource bottleneck affecting the performance. To reduce the interference in a given set of resources some conventional approaches don't give guarantee of performance in a conflicting application environment. In this paper, we make an in-depth analysis of benchmark applications interference for shared resources and find out application set which could be executed adopting a designated policy to mitigate the interference effects. In this work, we have performed profiling and analysis of applications on the state-of-the-art simulator gem5. Finally, we conclude the possibility of performance improvement through the designated policy. The simulation results show the scope to have a new scheduler for performance improvement in such systems.