The rapid population growth and industrial expansion worldwide have created serious water contamination concerns. To curb the pollution issue, it has become imperative to use a versatile material for the treatment. Titanium dioxide (TiO) has been recognized as the most-studied nanoparticle in various fields of science and engineering due to its availability, low cost, efficiency, and other fascinating properties with a wide range of applications in modern technology. Recent studies revealed the photocatalytic activity of the material for the treatment of industrial effluents to promote environmental sustainability. With the wide band gap energy of 3.2 eV, TiO can be activated under UV light; thus, many strategies have been proposed to extend its photoabsorption to the visible light region. In what follows, this has generated increasing attention to study its characteristics and structural modifications in different forms for photocatalytic applications. The present review provides an insight into the understanding of the synthesis methods of TiO, the current progress in the treatment techniques for the degradation of wide environmental pollutants employing modified TiO nanoparticles, and the factors affecting its photocatalytic activities. Further, recent developments in using titania for practical applications, the approach for designing novel nanomaterials, and the prospects and opportunities in this exciting area have been discussed.