Carbon materials are versatile in nature due to their unique and modifiable surface and ease of production. Nanostructured carbon materials are gaining importance due to their high surface area for application in the energy, biotechnology, biomedical, and environmental fields. According to their structures, carbon allotropes are classified as carbon nanodots, carbon nanoparticles, graphene, oxide, carbon nanotubes, and fullerenes. They are synthesized via several methods, including pyrolysis, microwave method, hydrothermal synthesis, and chemical vapor deposition, and the use of renewable and cheaper agricultural feedstocks and reactants is increasing for reducing cost and simplifying production. This review explores the nanostructured carbon detailed investigation of sources and their relevant reports. Many of the renewable sources are covered as focused here, such as sugar cane waste, pineapple, its solid biomass, rise husk, date palm, nicotine tabacum stems, lapsi seed stone, rubber-seed shell, coconut shell, and orange peels. The main focus of this work is on the various methods used to synthesize these carbon materials from agricultural waste materials, and their important applications for energy storage devices, optoelectronics, biosensors, and polymer coatings.