In the present study, novel functional properties were achieved for polymethyl methacrylate (PMMA) through loading with carbon nanoparticles (CNPs) as well as varying quantities of CuCo2O4 nanoparticles. The blends obtained were subjected to different characterization techniques. Extensive investigations of different optical properties were carried out, covering linear and nonlinear optical properties. After the incorporation of CNPs/CuCo2O4 in the host polymer matrix, the absorbance, reflectance and refractive index exhibited improvements, while continuous reductions in both direct and indirect optical band gap energies were observed. Significant improvements in the linear and nonlinear optical parameters were observed with increasing CuCo2O4 doping levels. Dielectric measurements provided insights into the impact of CuCo2O4 content on the ac conductivity, energy density, dielectric properties, and electric modulus across all blends. The sample doped with 1.5 wt% exhibited the highest dielectric constant. In conclusion, the optical and dielectric properties of the PMMA/CNPs/x wt% CuCo2O4 blends make them promising candidates in optoelectronics and photocatalysis applications.