Luminescent quantum dots have emerged over the last 25 years in a wide variety of research fields. This proceeding will discuss the synthesis of quantum dots, their structural properties, and ultrafast carrier dynamics. Additionally we will highlight the utilization of quantum dots in photovoltaics, solid-state lighting, and as fluorescent biological probes. The primary difference between semiconductor quantum dots and their bulk counterpart is particle size. In the bulk, when a photon is absorbed, the electron-hole pair generated is bound by the Bohr exciton diameter. However, in a quantum dot, the dimensions of the material are smaller than the bulk Bohr exciton diameter, resulting in the electron-hole pair becoming confined, with their energy dependent upon particle diameter.(16) This effect manifests itself as a blueshift in band edge absorption with reducing particle diameter, similar to the particle-in-a-box model commonly taught in undergraduate physical chemistry courses.