Phychopetalum olacoides is used as a Homeopathic medicine (botanical). Homeopathic potencies accredit their strength and efficacy to the electromagnetic signatures of the original substrate; these are scientifically created dilutions and succussions of medicines such that generally not even a molecule of the original substrate or medicine is present in the medicine.

As a Homeopathic or used simply as a micro-nutritional, Phychopetalum olacoides has demonstrated effectiveness against the following symptomology: "Used in the treatment of obesity." (Boericke)