Live cell imaging is essential for obtaining spatial and temporal insights into dynamic molecular events within heterogeneous individual cells, in situ intracellular networks, and in vivo organisms. Molecular tracking in live cells is also a critical and general requirement for studying dynamic physiological processes in cell biology, cancer, developmental biology, and neuroscience. Alongside this context, this review provides a comprehensive overview of recent research progress in live‐cell imaging of RNAs, DNAs, proteins, and small‐molecule metabolites, as well as their applications in molecular diagnosis, immunodiagnosis, and biochemical diagnosis. A series of advanced live‐cell imaging techniques have been introduced and summarized, including high‐precision live‐cell imaging, high‐resolution imaging, low‐abundance imaging, multidimensional imaging, multipath imaging, rapid imaging, and computationally driven live‐cell imaging methods, all of which offer valuable insights for disease prevention, diagnosis, and treatment. This review article also addresses the current challenges, potential solutions, and future development prospects in this field.