The Fridericia chica is a shrub widely distributed throughout the Brazilian territory. In traditional knowledge, it is used for various pathologies. It is a plant of interest in phytotherapy as it is part of the National List of Medicinal Plants of Interest to the Brazilian Unified Health System – RENISUS. Among the scientific studies conducted, the potential antioxidant, analgesic, anti-inflammatory, immunomodulatory, healing, gastroprotective, antibacterial, antifungal, antiprotozoal, antiviral, antitumor, antiangiogenic, photoprotective, diuretic, and hepatoprotective properties have been demonstrated. Furthermore, the assays report the low toxicity of the extracts. Therefore, Fridericia chica is a plant with pharmacological potential for the development of new medications. This article contributes to the dissemination of the species' pharmacological potential and the imminent observation of traditional knowledge.