Olivacine, a semisynthetic isomer of ellipticine, belongs to the family of natural alkaloids; which possess analgesic, antibacterial, and antipyretic properties. It is a model anticancer drug acting as topoisomerase II inhibitor. The mechanism of action and antineoplastic properties of olivacine are ascribed to its intercalative binding into DNA helices. The present paper reports DFT investigation of the molecular structure, electronic properties, and global reactivity descriptors of the drug. Frontier orbitals (HOMO and LUMO) and MEP surface of the olivacine molecule have been examined. Furthermore, inhibition activity and binding sites of olivacine with kinase protein (PDB Id: 3OG7) have been explored by molecular docking technique. Results have been used to elucidate physico‐chemical aspects and preferred binding patterns of the olivacine drug.