Carbon dots (C-Dots), defined by characteristic sizes of <10 nm, have become a rising star in carbon nanomaterials. C-Dots possess many unique physiochemical and photochemical properties which make them a promising platform for imaging, environmental, catalytic, biological and energy-related applications. To date, C-Dots have been investigated extensively, and their related applications have developed rapidly. However, quantitative understanding of the physiochemical properties of C-Dots still remains a difficult challenge because of their complex structures. Here, we will highlight the recent progress in the practical applications of C-Dots, with particular attention to the research in light-emitting devices, bioimaging and biodetection, catalysis, functional materials, and agriculture.