AbstractConsidering that regulation of thermally activated delayed fluorescence (TADF) and room temperature phosphorescence (RTP) is necessary for a fluorophore to survive and properly show its characteristic features, it is successfully shown herein that a carefully designed novel pyrene derivative can exhibit remarkable aggregation‐induced emission (AIE) overcoming the characteristic fast excitonic decay of pyrene compounds. Moreover, it is established that J‐aggregation in the red‐emitting molecular crystals of the compound reduces the singlet‐triplet energy gap (∆EST), allowing TADF with a very high photoluminescence quantum yield (PLQY) of 72%. Whereas, anisotropic grinding of the same crystals generates well‐defined microcrystals that show RTP as the nature of aggregation changes. Impressively, under isotropic hydrostatic pressure, the crystals show near‐infra‐red (NIR) emission with a very high piezochromic luminescence sensitivity of 46.2 nm GPa−1. The results have established that formation of stable H‐aggregates in the microcrystals is responsible for the ultra‐long RTP. A highly sophisticated full‐spectrum Mueller‐matrix analysis is used for the first time in such systems to demonstrate the details of the effect of perturbation (pressure) on molecular conformation.