the usual way to compile from source is to
1/ go to the directory where the source is.
2/ open a console (rightclick and ...)
3/ type ./configure ( the dot slash ./ means that it is to be performed localy)
4/ if no errors are aparent then type make or sometimes ./make
you wil now have a binary in the directory.

if it is to be distributed it might be an idea to compile it staticaly or made into a package (like a .deb) as not all distributions have all libraries... in the same place (they should but...)