Recovery and utilization of low-grade thermal energy is a topic of universal importance in today's society. Photothermal conversion materials can convert light energy into heat energy, which can now be used in cancer treatment, seawater purification, etc., while thermoelectric materials can convert heat energy into electricity, which can now be used in flexible electronics, localized cooling, and sensors. Photothermoelectrics based on the photothermal effect and the Seebeck effect provide suitable solutions for the development of clean energy and energy harvesting. The aim of this paper is to provide an overview of recent developments in photothermal, thermoelectric, and, most importantly, photothermal-thermoelectric coupling materials. First, the research progress and applications of photothermal and thermoelectric materials are introduced, respectively. After that, the classification of different application areas of materials coupling photothermal effect with thermoelectric effect, such as sensors, thermoelectric batteries, wearable devices, and multi-effect devices, is reviewed. Meanwhile, the potential applications and challenges to be overcome for future development are presented, which are of great reference value in waste heat recovery as well as solar energy resource utilization and are of great significance for the sustainable development of society. Finally, the challenges of photothermoelectric materials as well as their future development are summarized.