Since a few decades, the world has been facing severe global challenges with context to water, food, agriculture science, energy resources, healthcare, medicines, diseases, etc. One of the causes of these challenges is excessive human activities. So, there has arisen a necessity to tackle these challenges using sustainable solutions so as to minimize the effect of human interference. Nanotechnology (NT) has gained pace as a new technique that provides cost-effective, efficient, and eco-friendly solutions to such challenges. The advantages of the usage of NT have increased in every field of science. As compared to traditional methods, NT possesses wider use and benefits as it is designed at the nano levels and also keeps the environment clean. It is the science of tiny particles that has an important role to play in international efforts in sustainability. The innovation of NT is revolutionary and therefore subsequently will cover a wider space in terms of scientific achievements. Technology saves time, money, and human resources. This paper discusses and highlights the usage of NT with respect to its application, knowledge, and sustainable development. It also gives a broad view of the approaches, properties, and applications of NT in various sectors including the treatment of water bodies, agricultural science, drug delivery systems, medicines, and energy saving.