The valorization, resource generation and the functional characteristic exploration of domestic waste still face enormous challenges. Kiwi peels, a common kind of fruit waste, contain a large amount of phenolic substances, including polyphenols, flavonoids, etc., which can be explored and reused in food and biomedical fields. By ultrasonic assisted extraction technology, we obtained conversional fluorescence kiwi peel phenolic extracts (PE) which possessed gradient magenta fluorescence relying on the content of ethanol in the solution, as well as strong antioxidant activity. Besides, metal ions sensing assay revealed that PE can specifically sense Hg2+ and Cu2+ (LOD: 1.16 and 0.17μM, respectively) accompanied with a fluorescence conversion from magenta fluorescence to blue. Moreover, employing the prepared PE as fluorescent probes, imaging of HeLa cells can be easily achieved with satisfactory resolution. Additionally, PE was incorporated into the gelatin matrix, successfully fabricating a green, edible degradable film with excellent antioxidant activity.