Certainly an odd way to provide a binary in the Linux world. But from a "is it safe" perspective. Executing random program downloaded from the internet... bit late to ask now that you've run it. If there was malicious intent its already done. If its more of a is there potential for conflicts concern. Yes. I don't know exactly what the installer is doing.
My question is, what do you want this program for and can anything already in the repository do it. Such as gtkhash