Concept:
Rauwolfia serpentina is an important medicinal plant known for its antihypertensive and sedative properties.
Step 1: The main active alkaloid responsible for antihypertensive action is reserpine.
Step 2: Reserpine acts by depleting catecholamines such as noradrenaline from sympathetic nerve endings.
Step 3: Due to reduced sympathetic activity, blood pressure decreases.
Step 4: Ajmaline is mainly antiarrhythmic, vincristine is anticancer, and colchicine is antigout/anti-inflammatory.
\[
\boxed{\text{Reserpine}}
\]