The distinctive chemical, physical, electrical, and optical properties of semiconductor quantum dots (QDs) make them a highly fascinating nanomaterial that has been extensively studied. The CuInSe2 (CIS) QDs demonstrates great potential as a nontoxic alternative to CdSe and PbSe QDs for realizing high-performance solution-processed semiconductor devices. The CIS QDs show strong light absorption and bright emission across the visible and infrared spectrum and have been designed to exhibit optical gain. The special characteristics of these properties are of great significance in the fields of solar energy conversion, display, and electronic devices. Here, we present a comprehensive overview of the potential applications of colloidal CIS QDs in various fields, with a particular focus on solar energy conversion (such as QD solar cells, QD-sensitized solar cells, and QD luminescence solar concentrators), solar-to-hydrogen production (such as photocatalytic and photoelectrochemical H2 production), and QD electronics (such as QD transistors, QD light-emitting diodes, and QD photodetectors). Furthermore, we offer our insights into the current challenges and future opportunities associated with CIS QDs for further research.