Only few articles about ethno"bothanical" studies but reviewing there isn't any relation.

http://biosains.mipa.uns.ac.id/N/N0103/N010307.pdf - A review about the genus

There are articles about ethnopharmacology of the genus.

Sir,

     Thanks for your response and interest. But, I have gone through this article already.

Good Luck

I found around 80 articles about the genus related to ethnopharmacology

Sir,

     In case, if you find any article (with pharmacological activities) particularly related to the species Selaginella wightii. Please do share.

Herein find one publication...best wishes

the "ethno"pharmacological concept is not presented in this article about Selaginella wightii.

Thanks for your interest Marinho.

Herein find attached two related publications mentioning the ethanomedicinal uses...cheers 

Note: I presume the term pharmacology is a recent one and may not find a mention in traditional medicine system. It would be better if you search for traditional medicine or ethanomedical value rather than ethanopharmacology

Thanks for your information sir.